Logo
Home Study Material Contact Search
AI Chat FREE
  1. business
  2. accounting
  3. the beginning capital balance shown on a statement

The beginning capital balance shown on a statement of owner's equity is $52,000. Net income...

80.2K

Verified Solution

Question

Accounting

The beginning capital balance shown on a statement of owner's equity is $52,000. Net income for the period is $15,500 and the owner withdrew $19,500 cash from the business and made no additional investments during the period. The owner's capital balance at the end of the period is

Answer & Explanation Solved by verified expert
Get Answers to Unlimited Questions

Join us to gain access to millions of questions and expert answers. Enjoy exclusive benefits tailored just for you!

Membership Benefits:
  • Unlimited Question Access with detailed Answers
  • Zin AI - 3 Million Words
  • 10 Dall-E 3 Images
  • 20 Plot Generations
  • Conversation with Dialogue Memory
  • No Ads, Ever!
  • Access to Our Best AI Platform: Flex AI - Your personal assistant for all your inquiries!
Become a Member

Other questions asked by students

Q

. Write an IOM to the CEO concerning your analysis of thefollowing case stating...

Accounting
Q

Approximate the area under the graph of f(x)=0.03x4?1.44x2+58 over the interval [2,10] by dividing the interval...

Basic Math
Q

14. A common design requirement is that an environment must fit the range of people who...

Statistics
Q

Often times during volcano eruptions the clouds have large static charge buildups that cause lightning to...

Physics
Q

Short Answer: ALL responses must be 5-7 sentences to receive credit. Anything less will be given...

General Management
Q

3 2 indicated in the figure label the cellular components Clearly indicate endotoxin 4 The...

Biology
Q

A puzzle piece in the shape of a triangle has perimeter 28 centimeters. Two sides...

Basic Math
Q

Find the sample variance and the standard deviation for the following sample. Round the answers...

Statistics
Q

This problem has two parts.Part 1: Given that y = 4 sin(?), with ? ...

Calculus
Q

Given the graph of f(x) =3x+8/6x-5 shown here, determine the values of x that solve...

Algebra
Q

Roper and Walton have partnership capital balances of $480,000 and 5410.000 spectively. Waltones to win...

Accounting
Q

If sales are 52,750, cost of goods sold is 25,650, selling & administrative expense is...

Finance