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Calculate the balance of crystal wangs capital account

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Reference no: EM132322344

Question

Sparkles is a retail costume jewellry store operated by Crystal Wang. Crystal is not sure how much she has invested in her business and provides you with the following details:

Capital 1st January 2018 $ = 133,322

Additional capital 3rd May 2018 $ = 23,414

Drawings for the year 2018 $ = 75,068

Net income after tax 2018 $ = 45,866

Calculate the balance of Crystal Wang's capital account as at 31st December 2018

Reference no: EM132322344

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