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QUESTION
On a statement of owners equity, beginning capital is $48,000, Net income for the year is $20,000 and drawing for the year is $78,000 the ending...
On a statement of owners equity, beginning capital is $48,000, Net income for the year is $20,000 and drawing for the year is $78,000 the ending capital amount would be:
Multiple Choice:
$60,200
$75, 800
$35,800
$48,000
