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BBA 2201 Accounting - Introduction Assignment

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Reference no: EM132441574

BBA 2201 Accounting - Introduction Assignment - Columbia Southern University, USA

Question - Hollywood Talent Services is a sole proprietorship operated by Phil Morris. The net income of Hollywood Talent Services is $23,000 for the year. The beginning and ending Morris, Capital account was $33,000 and $50,000, respectively. During the year, there were no new capital contributions.

Required - Calculate the amount of the owner's withdrawals for the year.

Reference no: EM132441574

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