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Owner's capital account balance As of January 1, Shane Gerber, Capital had a credit...

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Accounting

Owner's capital account balance
As of January 1, Shane Gerber, Capital had a credit balance of $314,000. During the year, owner withdrawals totaled $10,000, and the business incurred a net loss of $320,000.
a. Compute the balance of Shane Gerber, Capital as of the end of the year. of $
b. Assuming that there have been no recording errors, will the balance sheet prepared at December 31 balance?
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