Solution-Would subtract the drawings from the capital

Would subtract the drawings from the capital account

Reference no: EM132733170

Problem 1: On a post-closing trial balance, if the owner of a company has a total capital at the end of the accounting period of $22050, and he withdrew $2000 from his company for personal reasons, would you subtract the drawings from the capital account before writing the final capital amount on the statement?

Reference no: EM132733170

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Would subtract the drawings from the capital account

Reference no: EM132733170

Reference no: EM132733170

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