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multiple choice question sheldon company had owner investments of $1,000; net income during the period of $5,000; and owner withdrawals of $250. the ending balance in the owner's capital account is

Sagot :

Ritmeks

The ending balance in the owner's capital account is $5,750

How to calculate the ending balance ?

The parameters given in the question are

owner investment - $1000

net income- $5,000

owner's withdrawals- $250

The ending balance can be calculated as follows

= 1000 - 250

= 750

5,000 + 750

= 5,750

Hence the ending balance in the owner's capital account is $5,750

Read more on capital account here

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