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The Beginning Capital Balance Is $6,200, There Are No Additional

Question 56

Multiple Choice

The beginning capital balance is $6,200, there are no additional investments, but the owner did withdraw $500 during the accounting period. The period's revenue is $4,300 and expenses total $6,100. What is the ending capital balance (after closing entries) ?


A) $6,200
B) $6,700
C) $4,400
D) $3,900

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