The Beginning Capital Balance Is $1,000;there Are No Additional Investments

question 26

Multiple Choice

The beginning capital balance is $1,000;there are no additional investments or withdrawals by the owner during the accounting period.The period's revenue is $600 and expenses total $550.What is the ending capital balance (after closing entries) ?

• A)$1,050
• B)$1,500
• C)$1,450
• D)$50

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