Blair Scott started a sole proprietorship by depositing $34,000 cash in a business checking account. During the accounting period, the business borrowed $16,000 from a bank, earned $4600 of net income, and Scott withdrew $5800 cash from the business. Based on this information, what is the balance in Scott's capital account at the end of the accounting period?
A. $32,800
B. $48,800
C. $35,200
D. $38,600
Answer: A
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A feasible solution is one that satisfies at least one of the constraints in the problem
Indicate whether the statement is true or false
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What will be an ideal response?