Jimmy's Car Repair Shop started the year with total assets of $90,000 and total liabilities of $60,000. During the year, the business recorded $150,000 in car repair revenues, $85,000 in expenses, and Jimmy withdrew $15,000.

Jimmy's Capital balance at the end of the year was??

Quote:

---

Originally Posted by stace

Jimmy's Car Repair Shop started the year with total assets of $90,000 and total liabilities of $60,000. During the year, the business recorded $150,000 in car repair revenues, $85,000 in expenses, and Jimmy withdrew $15,000.

Jimmy's Capital balance at the end of the year was????

---

Let me know if 80,000 is correct! Thanks, M

80,000 is correct, Michellerenee!