Details of this Paper

Beta Company's balance sheet

Description

solution


Question

At the beginning of 2009, Beta Company's balance sheet reported Total Assets of $195,000 and Total Liabilities of $75,000. During 2009, the company reported total revenues of $226,000 and expenses of $175,000. Also, owner withdrawals during 2009 totaled $48,000. Assuming no other changes to owner's capital, the balance in the owner's capital account at the end of 2009 would be;a. $174,000.;b. $78,000.;c. cannot be determined from the information provided.;d. $120,000.;e. $123,000.

 

Paper#27036 | Written in 18-Jul-2015

Price : $27
SiteLock