Question
The beginning capital balance shown on a statement of owner's equity is $74,000. Net income for the period is $24,000. The owner withdrew $32,000 cash
The beginning capital balance shown on a statement of owner's equity is $74,000. Net income for the period is $24,000. The owner withdrew $32,000 cash from the business and made no additional investments during the period. The owner's capital balance at the end of the period is
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Accounting Volume 2
Authors: James Reeve, Jonathan Duchac, Sheila Elworthy, Carl S. Warren
2nd Canadian edition
176501452, 978-0176501457, 978-0176509743
