Given:
Drawings – #3,500
Net loss – #2,500
Capital 1/1/2007 – #35,000
Additional capital – #10,000
A. #35,000
B. #39,000
C. #45,000
D. #46,000
Correct Answer: Option B
Explanation
Adjusted capital=
capital + additional capital – net loss – drawings
35,000 +10,000 -3500 -2500 = 39,000
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