Question: If equity @ beginning = $82,000, equity @ end = $37,000, and the loss for the period is $33,000, how much did the owner withdraw

If equity @ beginning = $82,000, equity @ end = $37,000, and the loss for the period is $33,000, how much did the owner withdraw during the period for personal use?

Group of answer choices

a) $45,000

b) $12,000

c) $49,000

d) $78,000

Step by Step Solution

There are 3 Steps involved in it

1 Expert Approved Answer
Step: 1 Unlock blur-text-image
Question Has Been Solved by an Expert!

Get step-by-step solutions from verified subject matter experts

Step: 2 Unlock
Step: 3 Unlock

Students Have Also Explored These Related Accounting Questions!