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Owner’s Capital Balance Assignment

Author:
February 24th, 2020

2. Mofro's Computer Repair Shop started the year with total assets of $260,000 and total liabilities of $170,000. During the year, the business recorded $350,000 in computer repair revenues, $260,000 in expenses, and Mofro withdrew $35,000. Mofro's Owner's Capital balance at the end of the year (EOE) was..

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