Question
On the statement of owners equity, the beginning capital is $48,000, the Net Income for the year is $20,000 and the drawing for the year
On the statement of owners equity, the beginning capital is $48,000, the Net Income for the year is $20,000 and the drawing for the year is $78,000, what will the ending capital amount be______
Multiple Choice below:
$60,200, $75,800, $35,800, $48,000
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Financial Accounting Information for Decisions
Authors: John Wild
7th edition
78025893, 978-0078025891
