Determine the Ending Capital Amount of a Business Having

question 17

Short Answer

Determine the ending Capital amount of a business having:
Beginning Capital amount of $25,000
Withdrawals of $1,500
Net sales of $150,000
Cost of Goods Sold of $80,000
Interest expense of $1,500
Prepaid rent of $6,000
Payroll liabilities of $7,000
Operating expenses of $32,000

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