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What was japeth beginning balance

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Japeth's statement of changes in owner's equity shows net income of $25,000, owner's drawings of $5,000 and an ending balance of $65,000.

Question 1: What was Japeth's beginning balance?

Option 1: $45,000

Option 2: $65,000

Option 3: $70,000

Option 4: $95,000

Reference no: EM132586389

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