True/False
The beginning balance in the Capital account of a company was $10,000. The revenues and expenses were $200,000 and $120,000, respectively. The owner withdrew $4,000 during the year. The ending balance in the Capital account was $86,000.
Correct Answer:

Verified
Correct Answer:
Verified
Related Questions
Q23: The Salaries Payable account is a permanent
Q57: Net income is entered as the balancing
Q74: Calculate the current ratio using the following
Q75: Which of the following entries will be
Q79: In an accounting cycle, which of the
Q80: In which of the columns of the
Q81: Assets are listed in the order of
Q82: Which of the following would be considered
Q124: The current ratio is calculated using the
Q181: The Service Revenue account is a permanent