Please cite as much as possible :College Accounting: A Practical Approach
12th Edition, 2013
ISBN-13: 9780132772068
Jeffrey Slater
Pearson
Please answer ONE of the following:
1) Determine the beginning capital balance of a business having an ending capital balance of
$10,900, no additional investments, withdrawals of $2,500, and a net income of $4,100.
2) Determine the ending owner’s equity of a business having a beginning owner’s equity of $9,500,
additional investments of $450 withdrawals of $1,000, and net income of $1,400.
3) Define and discuss a calendar year, accounting period, and fiscal year.
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