Multiple Choice
The beginning capital balance is $4,350, there are no additional investments but the owner did withdraw $500 during the accounting period. The period's revenue is $5,000 and expenses total $6,500. What is the ending capital balance (after closing entries) ?
A) $5,350
B) $2,850
C) $5,850
D) $2,350
Correct Answer:
Verified
Correct Answer:
Verified
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