If the net income for the period totals 14000 and the


Question - The beginning capital of the business totals $4,000. If the net income for the period totals $14,000 and the withdrawals by the owner total $3,000, what will be the new capital balance reported? Show your working not just an answer.

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Accounting Basics: If the net income for the period totals 14000 and the
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