Use the following account balances from the adjusted trial balance of Black Consulting: points Debit Credit Account Balance Balance 00:27:29 Cash 24,100 Accounts Payable 2,000 P. Black, Capital 13,000 P. Black, Drawing 600 Fees Revenue 18,000 Salary Expense 2,600 Rent Expense 3,000 Supplies Expense 1,900 Advertising Expense 800.

What is the amount that Black Consulting would report as the ending balance in the P. Black, Capital account at the end of the year?

Answer rating: 100% (QA)

To calculate the ending balance in the P Black Capital account at the end of the year you need to co... View the full answer