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the following unadjusted trial balance is for ace construction co as of the end of its...

the following unadjusted trial balance is for ace construction co as of the end of its 2019 fiscal year. the june 30, 2018 credit balance of the owners capital account was $59,600 and the owner invested $25,000 cash in the company during the 2019 fiscal year
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Answer #1
SOLUTION :
Adjusting Entry for the balances is as below,
Journal Entries
Date Account Title and explanation Debit Credit
June 30.2018 Cash $                   25,000
           Owners Capital Account $                25,000
(To Record the adjusting Entry)
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