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What is the ending balance on the statement of changes

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Reference no: EM132689982

Consider the following information:

Cash = $6,000

Beginning Balance = $200,000

Capital added = $15,000

Revenues = $10,000

Expenses = $5,000

Net Income = $56,000

Owner's Withdrawals = $60,000

Problem 1: What is the ending balance on the Statement of Changes in Owner's Equity for this data?

Reference no: EM132689982

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