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