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I need help with the balance As of January 1, Terrace, Waters, Capital, had a credit balance of $314,000. During the year, withdrawals totaled $10,000,

I need help with the balance
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As of January 1, Terrace, Waters, Capital, had a credit balance of $314,000. During the year, withdrawals totaled $10,000, and the business incurred a net loss of $320,000. Compute the balance of Terrace Waters, Capital, as of the end of the year. Debit (negative) balance of $ Assuming that there have been no recording errors, will the balance sheet prepared at December 31 balance? Yes

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