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Help Save & Exit 12 At the beginning of the year, a company's balance sheet reported the following balances Total Assets $200,000 Total Liabilities
Help Save & Exit 12 At the beginning of the year, a company's balance sheet reported the following balances Total Assets $200,000 Total Liabilities $86,250; and Owner's Capital $113,750. During the year, the company reported revenues of $52,750 and expenses of $34,500. In addition, owner's withdrawals for the year totaled $23,000. Assuming no other changes to owner's capital, the balance in the owner's capital account at the end of the year would be 005440 Multiple Choice O $109.000 $118,500 $4,750 O O $75.750 $155,000
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