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Determine the Ending Capital Balance of a Business Which Had

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Determine the ending capital balance of a business which had a beginning capital balance of $1,950,additional investments of $500,withdrawals of $750,revenue of $3,800,and expenses of $2,600.
$ ________

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Definitions:

Preferred Stock

A class of ownership in a corporation with a priority claim on assets and earnings before common stock; typically does not have voting rights but has a fixed dividend.

Capital Stock

The total amount of stock, both common and preferred, that a company is authorized to issue according to its corporate charter.

Privately Held Corporation

A corporation that has only a few stockholders and whose stock is not available for sale to the general public.

Retained Earnings

The portion of a company's net income that is not distributed as dividends to shareholders but retained for reinvestment in the business or to pay off debt.

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