=+objs. 1, 2 As of January 1, Oh Kwon, Capital, had a credit balance of $37,100. During

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=+objs. 1, 2 As of January 1, Oh Kwon, Capital, had a credit balance of $37,100. During the year, withdrawals totaled $1,000, and the business incurred a net loss of $52,300.

a. Calculate the balance of Oh Kwon, Capital, as of the end of the year.

EX 2-10 Capital account

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Accounting

ISBN: 978-1111001346

23rd Edition

Authors: Carl S. Warren

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