Determining owner capital account

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Reference no: EM13152927

At the beginning of 2009, Beta Company's balance sheet reported Total Assets of $195,000 and Total Liabilities of $75,000. During 2009, the company reported total revenues of $226,000 and expenses of $175,000. Also, owner withdrawals during 2009 totaled $48,000. Assuming no other changes to owner's capital, the balance in the owner's capital account at the end of 2009 would be:

a. $174,000.

b. $78,000.

c. cannot be determined from the information provided.

d. $120,000.

e. $123,000.

Reference no: EM13152927

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