Question
The ledger of Alex Car Services contains the following balances: Alex, Capital on 1 June $60,000; Alex, Drawing $8000; Service revenue $80,000; Salaries expense $15,000;
The ledger of Alex Car Services contains the following balances: Alex, Capital on 1 June $60,000; Alex, Drawing $8000; Service revenue $80,000; Salaries expense $15,000; and Depreciation expense $5,000. The closing balance of Alex, Capital on 30 June (after the closing off process) is:
Select one:
a. $68000.
b. $112000.
c. $52000.
d. $60000.
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Dynamical Corporate Finance
Authors: Umberto Sagliaschi, Roberto Savona
1st Edition
3030778525, 9783030778521
