Question
The beginning capital balance shown on a statement of owner's equity is $48,000. Net income for the period is $14,500 and the owner withdrew $18,500
The beginning capital balance shown on a statement of owner's equity is $48,000. Net income for the period is $14,500 and the owner withdrew $18,500 cash from the business and made no additional investments during the period. The owner's capital balance at the end of the period is
Multiple Choice
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$62,500.
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$52,000.
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$81,000.
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$44,000.
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Data Analytics For Accounting
Authors: Vernon Richardson
3rd Edition
1264444907, 9781264444908
