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The beginning capital balance shown on a statement of owner's equity is $80,000. Net income for...

The beginning capital balance shown on a statement of owner's equity is $80,000. Net income for the period is $37,000. The owner made no additional investments during the period. The owner's capital balance at the end of the period is $96,000. The amount the owner withdrew for personal use during the period is

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Calculation of the amount the Owner withdrawn for Personal Use (Drawings): Drawings-Beginning Balance +Net Income - Ending Ba

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