On a statement of owner's equity, beginning capital is $43,000, Net Income for the year is...
On a statement of owner's equity, beginning capital is $43,000, Net Income for the year is $17,500 and Drawing for the year is $7,300, the ending capital amount would be:
Multiple Choice:
1. $67,800
2. $43,000
3. $53,200
4. $32,800
Homework Answers
PARTICULARS AMOUNT
($)
Opening capital 43000
(+) net income 17500
(-) drawings 7300
END CAPITAL 53200
Therefore option (3)
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On a statement of owner's equity, beginning capital is $43,000,
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