Beginning balance in Capital is $80 000. Revenues are $60 000. Expenses are $75 000. No drawings were taken. The ending balance in Capital is $95 000.

Name: Beginning balance in Capital is $80 000. Revenues are $60 000. Expenses are $75 000. No drawings were taken. The ending balance in Capital is $95 000.
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Question

Quizplus · Accepted Answer

The ending balance in Capital should be $65,000, calculated as $80,000 (beginning balance) + $60,000 (revenues) - $75,000 (expenses).

Beginning Balance in Capital Is $80 000