
Cornerstones of Financial Accounting
4th Edition
ISBN: 9781337690881
Author: Jay Rich, Jeff Jones
Publisher: Cengage Learning
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General accounting

Transcribed Image Text:At September 1, Hotel Suites Co. reported owner's capital
of $147,000. During the month, Hotel Suites generated
revenues of $48,000, incurred expenses of $26,000,
purchased equipment for $5,000, and withdrew cash of
$3,000. What is the amount of owner's capital at
September 30?
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