Business, 06.03.2020 19:03, isabelj2004

Tara Westmont, the proprietor of Tiptoe Shoes, had annual revenues of $194,000, expenses of $108,200, and withdrew $21,600 from the business during the current year. The owner’s capital account before closing had a balance of $306,000. The ending owner’s capital balance after closing is:
a. $370,200b. $391,800c. $194,000d. $64,200e. $85,800

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Tara Westmont, the proprietor of Tiptoe Shoes, had annual revenues of $194,000, expenses of $108,200...