At the beginning of the year, a company's balance sheet reported the following balances Total Assets $135,000, Total LiabilMies-$76,500, and Owner's Capital - $58,500 During the year the company reported revenues of $46,900 and expenses of $30,600 In addition, owners withdrawals for the year totaled $20,400 Assuming no other changes to owner's capital, the balance in the owner's capital account at the end of the year would be Mutigle Choice 2600 S4100 200

At the beginning of the year, a company's balance sheet reported the following balances Total Assets $135,000, Total LiabilMies-$76,500, and Owner's Capital - $58,500 During the year the company reported revenues of $46,900 and expenses of $30,600 In addition, owners withdrawals for the year totaled $20,400 Assuming no other changes to owner's capital, the balance in the owner's capital account at the end of the year would be Mutigle Choice 2600 S4100 200

FINANCIAL ACCOUNTING

10th Edition

ISBN:9781259964947

Author:Libby

Publisher:Libby

Chapter1: Financial Statements And Business Decisions

Section: Chapter Questions

Problem 1Q

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