If the beginning capital was $14,000 and in a fiscal period there was revenue of $8,000, withdrawals of $3,000, and expenses of $1,500 then the ending capital would be
A) $26,500.
B) $23,500.
C) $17,500.
D) $20,500.

Question

Quizplus · Accepted Answer

The ending capital is calculated by taking the beginning capital, adding revenue, subtracting expenses, and subtracting withdrawals. So, $14,000 + $8,000 - $1,500 - $3,000 = $17,500.

If the Beginning Capital Was $14,000 and in a Fiscal