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What was the owner capital at the beginning of the year

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Reference no: EM132566283

The profit made by a business in 20X7 was $30,400. The owner injected new capital of $10,200 during the year and withdrew monthly $1000.

Question 1: If capital at the end of 20X7 were $95,100, what was the owner's capital at the beginning of the year?

Option A $61,000

Option B $66,500

Option C $74,900

Option D $145,700

Reference no: EM132566283

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