[APPENDIX] Tropic Vending,a Sole Proprietorship,had the Following Balances and Transactions

question 148

Multiple Choice

[APPENDIX] Tropic Vending,a sole proprietorship,had the following balances and transactions during 2013: beginning capital,$40,000;contribution of cash to the business by the owner,$15,000;revenue,$60,000;expenses,$35,000;withdrawal by the owner,$5,000.What is the amount of the ending capital balance?

• A)$40,000
• B)$60,000
• C)$75,000
• D)$85,000

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Definitions:

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