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The following information is available for the Deeds Travel Agency: Total revenues . . . . $125,000; Total expenses. . . . . 60,000; J. T. Deeds, Capital . . . . 80,000; J.T. Deeds, Withdrawals 15,000 - After these closing entries are completed, what will be the balance in the J. T. Deeds, Capital account?

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The following information is available for the Deeds Travel Agency: Total revenues . . . . $125,000; Total expenses. . . . . 60,000; J. T. Deeds, Capital . . . . 80,000; J.T. Deeds, Withdrawals 15,000 - After these closing entries are completed, what will be the balance in the J. T. Deeds, Capital account?






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