Multiple Choice
The beginning capital balance is $1,000;there are no additional investments or withdrawals by the owner during the accounting period.The period's revenue is $600 and expenses total $550.What is the ending capital balance (after closing entries) ?
A) $1,050
B) $1,500
C) $1,450
D) $50
Correct Answer:
Verified
Correct Answer:
Verified
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