Given the following:?Beginning capital $58,000Ending capital 30,000Owner withdrawal 25,000?Calculate net income or net loss.

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Jonathan Cohen · Accepted Answer

Final Answer :  ​    Ending capital  $ 30 , 000  Beginning capital  58 , 000  Decrease in capital  $ 28 , 000  Less withdrawals  25 , 000  Net loss  $ 3 , 000 \begin{array}{|l|r|}\hline 	ext { Ending capital }  &  \$ 30,000 \\hline 	ext { Beginning capital }  &  58,000 \\hline 	ext { Decrease in capital }  &  \$ 28,000 \\hline 	ext { Less withdrawals }  &  25,000 \\hline 	ext { Net loss }  &  \$ 3,000 \\hline\end{array}  Ending capital   Beginning capital   Decrease in capital   Less withdrawals   Net loss  ​ $30 , 000 58 , 000 $28 , 000 25 , 000 $3 , 000 ​ ​

Given the following:?
Beginning capital $58,000
Ending capital 30,000
Owner withdrawal 25,000?
Calculate net income or net loss.

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