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Home Q & A Board Other Fields Homework Help Business Accounting
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Bunique556 Bunique556
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5 years ago
The beginning balance in the Owner, Capital account of a company was $13,000. The revenues and expenses were $240,000 and $120,000, respectively. During the year, the owner made withdrawals of $6,000. The ending balance in the Owner, Capital was $114,000. (Assume that the opening balance of in Owner, Capital was zero, and the owner made no new contributions during the year.)
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Horngren's Accounting

Horngren's Accounting


Edition: 11th
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acarusoacaruso
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Bunique556 Author
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5 years ago
Thank you for being such a great website leader! Your answer's right.
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