Question
Tom Jones' 1/1/12 Owner Equity account balance is $132,000. New capital investment by Tom Jones consisted of cash during the year that totaled $65,000. Total
Tom Jones' 1/1/12 Owner Equity account balance is $132,000.
New capital investment by Tom Jones consisted of cash during the year that totaled $65,000.
Total revenues during the year were $500,000 and total expenses were $460,000.
Tom Jones withdrew cash on hand of $25,000 during the year.
What is the 12/31/12 Tom Jones Capital (OE) balance? _________
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Security And Auditing Of Smart Devices
Authors: Sajay Rai, Philip Chukwuma, Richard Cozart
1st Edition
0367567997, 978-0367567996
