Multiple Choice
Blair Scott started a sole proprietorship by depositing $75,000 cash in a business checking account.During the accounting period the business borrowed $30,000 from a bank,earned $18,000 of net income,and Scott withdrew $12,000 cash from the business.Based on this information,at the end of the accounting period Scott's capital account contained a balance of:
A) $93,000.
B) $111,000.
C) $72,000.
D) $81,000.
Correct Answer:
Verified
Correct Answer:
Verified
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