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Did I get this right? If not can you explain 9. A company had a beginning balance in capital of $43,000. It had net income
Did I get this right? If not can you explain
9. A company had a beginning balance in capital of $43,000. It had net income of $6,000 and withdrawals of $5,625 in the current period. The ending balance in capital equals: 43.000+60005625=490005625=43375 10. The beginning balance in the capital account of Woodlands Technologies Company was $88,000. The revenues and expenses amounted to $65,000 and $41,000, respectively. The owner made no additional investments and no withdrawals during the year. The total owner's equity at the end of the year will beStep by Step Solution
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