Question
I need to find the beginning capital. The information given is: Total renevues: $50,000 Total Expenses: $30,000 Net Income or Loss: $20,000 Drawings: $15,000 Ending
I need to find the beginning capital. The information given is: Total renevues: $50,000
Total Expenses: $30,000
Net Income or Loss: $20,000
Drawings: $15,000
Ending Capital: $10,000.
Also, how do I figure out what the drawings are if it is not given to me?
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Accounting
Authors: Charles T Horngren, Walter T Harrison
9th Edition
132959674, 978-0132569057
