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CHI Company reported a balance of $20,000 in the Begining Owners Capital account. CHI earned revenues of $50,000 and incurred expenses of $32,000 during April
CHI Company reported a balance of $20,000 in the Begining Owners Capital account. CHI earned revenues of $50,000 and incurred expenses of $32,000 during April 2016. The company had owner drawings of $10,000 during the month.What is the balance in Owners Capital on the post-closing trial balance:
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