Balance in the owners capital account at the end, Accounting Basics

+44 141 628 6080
[email protected]

Balance in the owners capital account at the end

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.

View Complete Question

Request for Solution File

Ask an Expert for Answer!!

Accounting Basics: Balance in the owners capital account at the end

Reference No:- TGS070423

Expected delivery within 24 Hours

Have a Question? (oR Write a Review)

Write atleast 100 words!!

Recent Questions Asked Accounting Basics

Q : How do ratios change as income increases

Show that if I>Px*X0 then the individual will maximize utility by spending a(I-Px*Xo)+Px*X0 on good x and b(I-Px*X0) on good Y, Interpret this result.

Q : Adjusting entry at the end of the first year

On January 1 a company purchased a five- year insurance policy for $1,800 with coverage starting immediately. If the purchase was recorded in the Prepaid Insurance account, and the company records adjustments only at year-end, the adjusting entry

Q : How are the home office expenses treated

Kendra is a self-employed taxpayer working exclusively from her home office. Before the home office deduction, Kendra has $5,000 of net income. Her allocable home expenses are $10,000 in total. How are the home office expenses treated on her curre

Q : Examine the economy, political life, and expressive culture

Examine the economy, political life, and expressive culture of the addicts in Bourgois' "Righteous Dopefiend." Where does responsibility for these tragic lives lie?

Q : Balance in the owners capital account at the end

Assuming no other changes to owner's capital, the balance in the owner's capital account at the end of 2009 would be:

Q : Find slope of the consumption function is positive

But not by as much as the increase in their incomes." Which of the following is not consistent with this statement by J.M. Keynes?

Q : Record the purchase of marketable securities on december

The securities sold on December 9 had cost the company $7,000, whereas the securities sold on December 18 had cost the company $6,000. record the purchase of marketable securities on December 4.

Q : How did you get out of the box

Upon meeting Mr. Rogers (host of a famous children's TV show), a young child asks, "How did you get out of the box?" What Piagetian stage does this statement represent?

Q : Compare the cabuliwallah to mini''s father

Compare the Cabuliwallah to Mini's father. Think about their different jobs/social positions, countries, personalities, etc. Think about the relationship between the two men.

1943338

Questions
Asked

3,689

Active Tutors

1441428

Questions
Answered

Start Excelling in your courses, Ask a tutor for help and get answers for your problems !!

ask Question

Request for Solution File

Ask an Expert for Answer!!

Accounting Basics: Balance in the owners capital account at the end

Reference No:- TGS070423

Have a Question? (oR Write a Review)

Recent Questions Asked Accounting Basics

Q : How do ratios change as income increases

Q : Adjusting entry at the end of the first year

Q : How are the home office expenses treated

Q : Examine the economy, political life, and expressive culture

Q : Balance in the owners capital account at the end

Q : Find slope of the consumption function is positive

Q : Record the purchase of marketable securities on december

Q : How did you get out of the box

Q : Compare the cabuliwallah to mini''s father

How does that characters story relate to a personal struggle

Summarize the most salient points of andrew sloane

Compare the different understandings of chaos

How will your work impact creation

Construct a response to a new religious movement

What are your thoughts on the health message

Describe one aspect of luke?acts

Request for Solution File

Ask an Expert for Answer!!

Accounting Basics: Balance in the owners capital account at the end

Reference No:- TGS070423

Recent Questions Asked Accounting Basics

Q : How do ratios change as income increases

Q : Adjusting entry at the end of the first year

Q : How are the home office expenses treated

Q : Examine the economy, political life, and expressive culture

Q : Balance in the owners capital account at the end

Q : Find slope of the consumption function is positive

Q : Record the purchase of marketable securities on december

Q : How did you get out of the box

Q : Compare the cabuliwallah to mini''s father

Asked Questions