Multiple Choice
The beginning capital balance shown on a statement of owner's equity is $43,000.Net income for the period is $18,000.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
A) $39,000.
B) $47,000.
C) $61,000.
D) $83,000.
Correct Answer:

Verified
Correct Answer:
Verified
Q20: A gross profit percentage of 45 percent
Q28: A total of $8,000 in supplies was
Q29: The _ of a building is the
Q30: Interest on notes payable would be listed
Q31: Use the following account balances from the
Q33: Use the following account balances from the
Q36: The balance of the owner's drawing account
Q37: The accountant of Randy's Flooring has closed
Q38: Use the following account balances from the
Q88: After all adjusting entries are posted, the