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Business, 27.12.2020 04:10 roorootx

At the end of its first month of operations, Michael's Consulting Services reported net income of $25,900. They also had account balances of: Cash, $18,600; Office Supplies, $2,150 and Accounts Receivable $10,300. The owner's total investment for this first month was $5,150. 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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