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Joel has been accepted to several graduate schools and has narrowed his choices to two. He prefers the climate of the state in which school A is located and the program has a record of placing its graduates in jobs with Fortune 1,000 companies. School B is in a large city with several famous cultural sights, and since the program's faculty members are well known, apprenticing with them may improve Joel's job opportunities. Joel is struggling with an
Capital Account
An account used for a proprietorship that represents the owner’s equity.
Balance Sheet
A financial statement that reports a company's assets, liabilities, and shareholder equity at a specific point in time.
Balance Sheet Columns
The sections of a balance sheet which typically include assets, liabilities, and shareholders' equity.
Drawing Account
An account used to record withdrawals made by a business owner or partner from the company for personal use.
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