Given the following information, how much is the owner's ending capital balance for the year:...
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Accounting
Given the following information, how much is the owner's ending capital balance for the year: (Hint: On the first day of the year, the owner had $0 Capital.) Cash $ 11,360 Cash Withdrawals by Owner. $ 2,000 Accounts Receivable ..14,000 Consulting Revenue ..14,000 Office Supplies. 3,250 Rent Expense 3,550 Office Equipment. ..18,000 Salaries Expense 7,000 Land 46,000 Telephone Expense. 760 Accounts Payable. 8,500 Miscellaneous Expense.. 580 Owner Investments 84,000
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