Beginning capital balance | 66000 |
Add: Net income | 19000 |
Less: Withdrawals | -23000 |
Ending capital balance | 62000 |
Option 3 $62,000 is correct |
Exercise Help Save &Exit Submit The beginning capital balance shown on a statement of owner's equity...
The beginning capital balance shown on a statement of owner's equity is $62,000. Net income for the period is $18,000 and the owner withdrew $22,000 cash from the business and made no additional investments during the period. The owner's capital balance at the end of the period is Multiple Choice $66,000 $80,000 $102,000. $58,000
The beginning capital balance shown on a statement of owner's equity is $270,000. Net income for the period is $67,000. The owner withdrew $33,500 cash from the business and made no additional investments during the period. The owner's capital balance at the end of the period is Multiple Choice $303,500. $370,500 $270,000. $337,000
The beginning capital balance shown on a statement of owner's equity is $48,000. Net income for the period is $14,500 and the owner withdrew $18,500 cash from the business and made no additional investments during the period. The owner's capital balance at the end of the period is Multiple Choice $62,500. $52,000. $81,000. $44,000.
The beginning capital balance shown on a statement of owner's equity is $200,000. Net income for the period is $60,000. The owner withdrew $30,000 cash from the business and made no additional investments during the period. The owner's capital balance at the end of the period is Multiple Choice $200,000. $230,000. $290,000. $260,000.
The beginning capital balance shown on a statement of owner's equity is $200,000. Net income for the period is $60,000. The owner withdrew $30,000 cash from the business and made no additional investments during the period. The owner's capital balance at the end of the period is Multiple Choice $200,000. $230,000. $290,000. $260,000.
The beginning capital balance shown on a statement of owner's equity is $83,000. Net income for the period is $33,000. The owner withdrew $41,000 cash from the business and made no additional investments during the period. The owner's capital balance at the end of the period is
The beginning capital balance shown on a statement of owner's equity is $72,000. Net income for the period is 22,000. The owner withdrew $30,000 cash from the business and made no additional investments during the period. The owner's capital balance at the end of the period is
The beginning capital balance shown on a statement of owner's equity is $72,000. Net income for the period is $22,000. The owner withdrew $30,000 cash from the business and made no additional investments during the period. The owner's capital balance at the end of the period is $64,000. $94,000. $124,000. $80,000.
The beginning capital balance shown on a statement of owner's equity is $80,000. Net income for the period is $37,000. The owner made no additional investments during the period. The owner's capital balance at the end of the period is $96,000. The amount the owner withdrew for personal use during the period is
Help Save & Exit The balance of Owner, Capital, at January 1 was $47,000. During the month of January, the net income for the business was $8,000, and the owner withdrew $15,000 for personal use. What amount would be reported as th balance of Owner, Capital at January 31 on the firm's statement of owner's equity?