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The following selected information is taken from the work sheet for Warton Company at its December 31 year-end. Determine the amount for B. Warton, Capital,
The following selected information is taken from the work sheet for Warton Company at its December 31 year-end. Determine the amount for B. Warton, Capital, that should be reported on its current December 31 year-end balance sheet. Note: The B. Warton, Capital account balance was $72,000 on December 31 of the prior year. B. Warton, Capital...... B. Warton, Withdrawals Totals.... Income Statement Balance Sheet and Statement of Owner's Equity Dr. Cr. Dr. Cr. 72,000 39,000 122,000 181,000
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