Steven Smith started a donut business. At the beginning of…
Steven Smith started a donut business. At the beginning of the month, he invested $10,000 in the business. During the month, the following transactions occurred: a) Steven Smith, Draws, $750. b) Paid rent in cash, $1,000. c) Paid wages in cash, $500 d) Revenue, $800 What is Steven Smith’s ending capital for the month?
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