Answered

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At the beginning of the year, Sigma Company's balance sheet reported Total Assets of $267,000 and Total Liabilities of $103,000. During the year, the company reported total revenues of $314,000 and expenses of $243,000. Also, owner withdrawals during the year totaled $64,000. Assuming no other changes to owner's capital, the balance in the owner's capital account at the end of the year would be:

Sagot :

Answer:

171000

Explanation:

Assets.               267000

-Liabilities.           103000

=owners equity.   164000

+revenues.           314000

-expenses.           243000

-withdrawal.           64000

=ending equity.     171000

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