Question
$124,000. During 2018, the company reported total revenues of $275,000 and expenses of $187,000. Also, owner withdrawals during 2018 totaled $35,000. Assuming the owner contributed
$124,000. During 2018, the company reported total revenues of $275,000 and expenses of $187,000. Also, owner withdrawals during 2018 totaled $35,000. Assuming the owner contributed an additional $15,000 during the year, what will be the balance in the owner's capital account at the end of 2018?
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Auditing And Society Research On Audit Practice And Regulations
Authors: Wally Smieliauskas, Minlei Ye, Ping Zhang
1st Edition
1138314129, 978-1138314122
