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What was japeth beginning balance

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Problem 1: 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. What was Japeth's beginning balance?

Option 1: $95,000
Option 2: $45,000
Option 3: $65,000
Option 4: $70,000

Reference no: EM132815049

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