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Prepare Proprietor's Capital Account from the following transactions: 2017 Apr. 1 Started business with cash $ 60,000. May 10 Paid tuition fee of proprietor's

Prepare Proprietor's Capital Account from the following transactions: 2017 Apr. 1 Started business with cash $ 60,000. May 10 Paid tuition fee of proprietor's son $ 12,000. Jul 15 Withdrew from business for personal use $ 7,000 Oct. 20 Introduced fresh capital $24,000 2018 Jan. 18 Paid life insurance premium $10,000. Mar. 31 Profit for the year $28,000.

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