The beginning balance in the Woodlands,Capital account of Woodlands Technologies Company was $74,000.The revenues and expenses amounted to $55,000 and $37,000,respectively.During the year,the owner did not make withdrawals or capital contributions.The Woodlands,Capital account will have $129,000 at the end of the year.

Question

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The ending balance would be $92,000, calculated as the beginning balance ($74,000) plus revenues ($55,000) minus expenses ($37,000).

The Beginning Balance in the Woodlands,Capital Account of Woodlands Technologies