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sasho [114]
3 years ago
8

Jenna brought in $25,000 to her startup firm at the beginning of the year. During the year, she withdrew $2,500 for her personal

expenses. The business earned $10,000 at the end of the accounting period after paying off all its expenses. What is the value of Jenna's capital account at the end of the accounting year?
Business
2 answers:
Digiron [165]3 years ago
8 0

25000-2500=22500

22500+10000 =32500

Aleks04 [339]3 years ago
6 0

Answer:

Total is $32,500

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Ending inventory            8700                40                      <u>    3480 </u>

total equivalent units for conversion costs                       32480

I applied 100% percentage of completion to ending inventory when determining materials equivalent units and 40% percentage completion when determining equivalent units for conversion cots  as it given in the question

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