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    mskris23435 Posts: 1, Reputation: 1
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    Oct 7, 2016, 11:40 AM
    Accounting Basics - Finding the Owners Capital
    Hello,

    How would I find the Owners Capital in this equation?

    Assets = Liabilities + Owners Capital - Owners Withdraw + revenues -expenses
    71,288 = 2,260 + Owners Capital? - Owners Withdraw 14,420 + Revenues 53,085 - Expenses 28,675

    I still don't understand how the teacher came up with the answer of $59,038 for the Owners Capital. Please advise. Thanks!

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