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The Following Amounts Are Reported in the Ledger of Bowers

question 39

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The following amounts are reported in the ledger of Bowers Company:  Assets $25,000 (debit)   Liabilities 15,000 (credit)   Retained earnings 3,000 (credit)  \begin{array} { | l | r | } \hline \text { Assets } & \$ 25,000 \text { (debit) } \\\hline \text { Liabilities } & 15,000 \text { (credit) } \\\hline \text { Retained earnings } & 3,000 \text { (credit) } \\\hline\end{array} What is the balance in the contributed capital account?

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