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Business, 26.03.2020 20:34 alexandraparava

At the end of its first month of operations, Michael's Consulting Services reported net income of $27,400. They also had account balances of: Cash, $19,600; Office Supplies, $2,400 and Accounts Receivable $10,800. The owner's total investment for this first month was $5,400. 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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At the end of its first month of operations, Michael's Consulting Services reported net income of $2...
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