Question
Blair Scott started a sole proprietorship by depositing $26,000 cash in a business checking account. During the accounting period the business borrowed $10,000 from a
Blair Scott started a sole proprietorship by depositing $26,000 cash in a business checking account. During the accounting period the business borrowed $10,000 from a bank, earned $3,000 of net income, and Scott withdrew $4,200 cash from the business. Based on this information, at the end of the accounting period Scotts capital account contained a balance of:
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Principles Of Corporate Finance
Authors: Richard A Brealey, Stewart C Myers, Franklin Allen
8th Edition
0073130826, 9780073130828
