The following selected information is taken from the work sheet for Warton Company at its...
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The following selected information is taken from the work sheet for Warton Company at its December 31 year-end. Balance Sheet & Statement of Owner's Equity Debit Credit 80,000 B. Warton, Capital B. Warton, Withdrawals Totals Income Statement Debit Credit 134,000 205,500 B. Warton, Capital, December 31 prior year Add: Net income Less: Withdrawals by owner B. Warton, Capital, December 31 current year Determine the amount for B. Warton, Capital, that should be reported on its current December 31 year-end balance sheet. Note: The B. Warton, Capital account balance was $80,000 on December 31 of the prior year. $ 41,200 80,000 
The following selected information is taken from the work sheet for Warton Company at its December 31 year-end. Determine the amount for B. Warton, Capital, that should be reported on its current December 31 year-end balance sheet. Note: The B. Warton, Copital account balance was $80,000 on December 31 of the prior year
The following selected information is taken from the work sheet for Warton Company at its December 31 year-end. Balance Sheet & Statement of Owner's Equity Debit Credit 80,000 B. Warton, Capital B. Warton, Withdrawals Totals Income Statement Debit Credit 134,000 205,500 B. Warton, Capital, December 31 prior year Add: Net income Less: Withdrawals by owner B. Warton, Capital, December 31 current year Determine the amount for B. Warton, Capital, that should be reported on its current December 31 year-end balance sheet. Note: The B. Warton, Capital account balance was $80,000 on December 31 of the prior year. $ 41,200 80,000
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