A sole proprietorship had the following assets and liabilities at the beginning and end of...
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Accounting
A sole proprietorship had the following assets and liabilities at the beginning and end of this year. Assets Liabilities Beginning of the year $ 68,500 $ 29,366 End of the year 124,500 50,423 If the owner withdrew $850 cash per month for personal use and invested an additional $25,000 cash The net income earned or net loss incurred by the business during the year is: (If the
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