Multiple Choice
If the beginning capital was $14,000 and in a fiscal period there was revenue of $8,000, withdrawals of $3,000, and expenses of $1,500 then the ending capital would be
A) $26,500.
B) $23,500.
C) $17,500.
D) $20,500.
Correct Answer:
Verified
Correct Answer:
Verified
Related Questions
Q43: A sole proprietorship ends with the death
Q84: The balance sheet shows the company's financial
Q89: Mark paid $500 cash to partially reduce
Q90: Owner's withdrawals<br>A) decrease assets.<br>B) increase expenses.<br>C) increase
Q91: A business paid $5,800 to a creditor
Q93: J.R. Tenten's investment of cash and equipment
Q94: The purpose of accounting is to provide
Q95: The claims of creditors against the assets
Q96: The purchase of equipment with both cash
Q97: Hazy Shades received and paid a utility