2 years ago

Whats the owners capital at the end of the year based on the statement?

Business

1 answer:

tester [92]2 years ago

4 0

Answer:

$10,000

Explanation:

Owner's capital is calculated as = Owner's capital at the beginning of the period + Additional investment for the year + Net income - Drawings.

Given that ;

Owner's capital at the beginning = $2,250

Additional investment = $1,750

Net profit = $3,500

Drawings= ($2,500)

= $2,250 + $1,750 + $3,500 - (-$2,500)

= $10,000

Therefore, owner's capital at the end of the year is $10,000

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