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At the beginning of the year, a company's balance sheet reported the following balances: Total Assets = $210,000: Total Liabilities - $87750, and Owner's Capital

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At the beginning of the year, a company's balance sheet reported the following balances: Total Assets = $210,000: Total Liabilities - $87750, and Owner's Capital $122.250. During the year, the company reported revenues of 553,650 and expenses of $35.300. In addition, bwner's wardrawals for the year totaled $23,400. Assuming no other changes to owner's capital, the balance in the owner's capital account at the end of the year would be Mute Choice STTOSO ST17400 12700 SESSO S4200 A company purchased $10.200 of merchandise on June 15 with terms of 2/10, 1/45. and FOB shipping point. On June 20, it returned 51040 of thout merchandise. The shipping charges for the purchase totaled $650 On June 24, it paid the balance owed for the merchandise taking any discount it is entitled to the cash paid on June 24 equalis Murple Choice 59725 $10.500 O SH sto 10050

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