Help Save & Exit The balance of Owner, Capital, at January 1 was $47,000. During the...

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Answer 1

Answer #1

Capital at 31st January = capital at 1st january + Net income - Drawings

= $ 47,000 +$ 8000 - $ 15,000

= $ 40,000

So, the capital at 31st January on the firm's statement of owner's equity would be $ 40,000.

Answer 2

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