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[APPENDIX] Tropic Vending,a Sole Proprietorship,had the Following Balances and Transactions

Question 148

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[APPENDIX] Tropic Vending,a sole proprietorship,had the following balances and transactions during 2013: beginning capital,$40,000;contribution of cash to the business by the owner,$15,000;revenue,$60,000;expenses,$35,000;withdrawal by the owner,$5,000.What is the amount of the ending capital balance?


A) $40,000
B) $60,000
C) $75,000
D) $85,000

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