Question
The beginning capital balance shown on a statement of owner's equity is $52,000. Net income for the period is $15,500 and the owner withdrew $19,500
The beginning capital balance shown on a statement of owner's equity is $52,000. Net income for the period is $15,500 and the owner withdrew $19,500 cash from the business and made no additional investments during the period. The owner's capital balance at the end of the period is
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Financial Accounting And Reporting
Authors: Mr Barry Elliott, Jamie Elliott
16th Edition
027377817X, 978-0273778172
