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What is the combined effect on? owner capital

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Problem 1: Ace Builders had the following transactions in? June: earned $4,000 ?"on account" that will be collected in cash next? month; collected $3,000 from a customer that was owed from a previous? month; incurred? $500 of repair expense and paid cash to the? repairman; paid? $1,200 cash to a supplier that it owed from the previous? month; paid out? $800 in cash withdrawals to the owner. For Ace? Builders, what is the combined effect on? owner's capital from the June? transactions?

Reference no: EM132838710

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