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2 The profit made by a business in 20x7 was $35,400. The proprietor injected new capital of $10,200 during the year and withdrew a monthly
2 The profit made by a business in 20x7 was $35,400. The proprietor injected new capital of $10,200 during the year and withdrew a monthly salary of $500. If net assets at the end of 20X7 were $95,100, what was the proprietor's capital at the beginning of the year? $ (2 marks)
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