Gurpreet Kaur started a real estate business on January 1, 2023. Data for Kaur Realty, a sole proprietorship, at December 31, 2023, the company's year-end, is below: Accounts Payable $16,000 Office Furniture 30,000 Accounts Receivable 25,000 Gurpreet Kaur, Withdrawals 23,000 Cash 65,000 Advertising Expense 8,000 Rent Revenue 20,000 Maintenance Expense 13,000 Sales Revenue 90,000 Gurpreet Kaur, Capital ? Notes Payable 13,000 1. Calculate the balance of the account" Gurpreet Kaur, Capital", at December 31, 2023. (5 marks)
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Only typed solution
![Gurpreet Kaur started a real estate business on January 1, 2023. Data for Kaur Realty, a sole proprietorship, at December 31, 2023, the
company's year-end, is below:
Accounts Payable
$16,000
Office Furniture
30,000
Accounts Receivable
25,000
Gurpreet Kaur, Withdrawals
23,000
Cash
65,000
Advertising Expense
8,000
Rent Revenue
20,000
Maintenance Expense
13,000
Sales Revenue
90,000
Gurpreet Kaur, Capital
?
Notes Payable
13,000
1.
Calculate the balance of the account" Gurpreet Kaur, Capital", at December 31, 2023. (5 marks)](/v2/_next/image?url=https%3A%2F%2Fcontent.bartleby.com%2Fqna-images%2Fquestion%2F48c74239-65e4-4b4b-b0a6-cbbedbfd4f5f%2Feffc4e6f-1502-48a1-95d0-74b46a874eb3%2F2xz34q_processed.jpeg&w=3840&q=75)
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