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Presented below is information related to Perez Company
Presented below is information related to Perez Company.
| Beginning capital | $24,800 |
| Ending capital | ? |
| Additional investments by owner | $7,600 |
| Net income | $13,300 |
| Drawing | $2,600 |
Required:
Compute ending capital.
Expert Solution
AccountsAmount ($)Beginning capital$24,800.00Add: Additional investment by owner$7,600.00Add: Net income for the year$13,300.00Less: Drawings for the year-$2,600.00Ending capital$43,100.00
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