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Business, 13.03.2020 02:02 calah1193

At the end of its first month of operations, Michael's Consulting Services reported net income of $28,000. They also had account balances of: Cash, $20,000; Office Supplies, $2,500 and Accounts Receivable $11,000. The owner's total investment for this first month was $5,500. There were no owner withdrawals in the first month Calculate the ending balance in the Owner's Capital account to be reported on the Statement of Owner's Equity.

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