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The following amounts are reported in the ledger of Pete's Company: Assets Liabilities Retained earnings $25,000 (debit) 15,000 (credit) 5,000 (credit) What is the balance

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The following amounts are reported in the ledger of Pete's Company: Assets Liabilities Retained earnings $25,000 (debit) 15,000 (credit) 5,000 (credit) What is the balance in the contributed capital account? Multiple Choice $5,000 debit $12,000 debit $12,000 credit $5,000 credit >

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