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Fundamental Accounting Principles, 24 Exit Assignment Progress 50% Multiple Choice Question Sheldon Company had owner inwestm
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Answer #1
Correct option is: $5,750
Workings:
Owner's Capital Account:
Owner's Investment = $       1,000
Add: Net Income = $       5,000
Less: Owner's Withdrawals = $         -250
Ending Balance = $       5,750
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