Determine the Beginning Capital Balance of a Business Having an Ending

question 20

Short Answer

Determine the beginning capital balance of a business having an ending capital balance of $10,800, no additional investments, withdrawals of $2,600, and a net income of $4,700.
$ ________

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Definitions:

Fungus

A kingdom of spore-producing organisms feeding on organic matter, including molds, yeast, mushrooms, and toadstools.

Bacteria

Microscopic, single-celled organisms that exist in almost every environment on Earth.

Regulation

The control or management of a process or activity, often by rules or laws.

Climate

Generalized weather patterns of an area, primarily determined by temperature and average rainfall.