Max's Small Engine Repair Shop, a proprietorship, started the year with total assets of $60300...
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Max's Small Engine Repair Shop, a proprietorship, started the year with total assets of $60300 and total liabilities of $39600. During the year, the business recorded $99800 in repair revenues, $54500 in expenses, and Max Freelandt, the owner, withdrew $10200. Max's capital balance at the end of the year was:
$64700.
$55800.
$35100.
$45600.
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