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CHI Company reported a balance of $20,000 in the Begining Owner's Capital account. CHI earned revenues of $50,000 and incurred expenses of $32,000 during
CHI Company reported a balance of $20,000 in the Begining Owner's Capital account. CHI earned revenues of $50,000 and incurred expenses of $32,000 during April 2016. The company had owner drawings of $12,000 during the month. What is the balance in Owner's Capital on the post- closing trial balance:
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Financial Accounting Fundamentals
Authors: John Wild
3rd edition
978-0073527048, 0073527041, 978-0077544652
