Mary Jessica's capital statement reveals that her drawings during the year were $49200. She made an additional capital investment of $24500 and her share of the net loss for the year was $9200. Her ending capital balance was $198000. What was Jessica's beginning capital balance? O $231900 O $222700 O $256400 O $182700 eTextbook and Media

Mary Jessica's capital statement reveals that her drawings during the year were $49200. She made an additional capital investment of $24500 and her share of the net loss for the year was $9200. Her ending capital balance was $198000. What was Jessica's beginning capital balance? O $231900 O $222700 O $256400 O $182700 eTextbook and Media

Accounting

27th Edition

ISBN:9781337272094

Author:WARREN, Carl S., Reeve, James M., Duchac, Jonathan E.

Publisher:WARREN, Carl S., Reeve, James M., Duchac, Jonathan E.

Chapter15: Investments And Fair Value Accounting

Section: Chapter Questions

Problem 15.2CP

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