The beginning balance in the Owner,Capital account of Cedar Technologies was $86,000.The revenues and expenses amounted to $55,000 and $43,000,respectively.During the year,the owner did not make any additional contributions or withdrawals.The balance of the Owner,Capital account will be $141,000 at the end of the year.

Question

Quizplus · Accepted Answer

Total Owner,Capital,Ending=Beginning Owner,Capital + Revenues - Expenses

The Beginning Balance in the Owner,Capital Account of Cedar Technologies