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Determine the Miley capital balance at the end of the year

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Question - Miley's Car Repair Shop started the year with total assets of P90,000 and total liabilities of P60,000. During the year the business recorded P150,000 in car repair revenue, P85,000 in expenses, and Miley withdrew P15,000.

Required - Determine the Miley's Capital balance at the end of the year?

Reference no: EM133180308

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