Multiple Choice
The beginning capital balance is $5,500,there are no additional investments but the owner did withdraw $500 during the accounting period.The period's revenue is $4,000 and expenses total $6,000.What is the ending capital balance (after closing entries) ?
A) $5,500
B) $6,000
C) $3,500
D) $3,000
Correct Answer:
Verified
Correct Answer:
Verified
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