The accounting equation at the start of the month was: Assets $14,000 less liabilities $6,500....
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Accounting
The accounting equation at the start of the month was: Assets $14,000 less liabilities $6,500. During the following month, the business purchased a non-current asset for $6,000, paying by cheque, a profit of $9,000 was made, and payables of $7,500 were paid by cheque. What would the balance on capital be at the end of month?
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