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Please help The following are presented in trial balance of Bren Enterprises for the year ended December 31, 2019. Cash-100,000 Accounts Receivable - 30,000 Notes
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The following are presented in trial balance of Bren Enterprises for the year ended December 31, 2019. Cash-100,000 Accounts Receivable - 30,000 Notes Receivable - 200,000 Merchandise Inventory-26,500 Equipment -80,000 Furniture & Fixtures - 25,000 Accounts Payable - 28,000 Loans Payable Payable- 200,000 Bren, Capital - January 1, 2019-145,700 Bren, Drawings - 3,250 Sales - 200,000 Sales Discount-3,000 Sales Return & Allowances - 1,500 Rent Expense- 12,000 Advertising Expense-3,000 Cost of Goods Sold-80,000 Interest Expense-1,250 Loss on sale of machinery-8,200 How much is the ending capital of Bren Enterprises? Select the correct response: 233,500 145,700 91,050 142,450 Step by Step Solution
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