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The balance of James Wilson, Capital at the beginning of the period was $50,000. During the period, his company had net income of $40,000, and
The balance of James Wilson, Capital at the beginning of the period was $50,000. During the period, his company had net income of $40,000, and he withdrew $35,000 from the business for personal use. What is the amount of the James Wilson, Capital account at the end of the accounting period? Question 15 options: $125,000 $5,000 $45,000 $55,000
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