John Smith is the owner of Alpha Technologies Inc. The beginning balance in Smith, Capital was $80,000. The revenues and expenses were $60,000 and $40,000, respectively. If no withdrawals were made by Smith during the year, the ending balance in Smith, Capital must be $90,000.

Question

Quizplus · Accepted Answer

The Answer of John Smith is the owner of Alpha Technologies Inc. The beginning balance in Smith, Capital was $80,000. The revenues and expenses were $60,000 and $40,000, respectively. If no withdrawals were made by Smith during the year, the ending balance in Smith, Capital must be $90,000.

John Smith Is the Owner of Alpha Technologies Inc