Ask Me Help Desk - Accounting Basics - Finding the Owners Capital

Ask Me Help Desk (https://www.askmehelpdesk.com/forum.php)

- Accounting (https://www.askmehelpdesk.com/forumdisplay.php?f=19)

- - Accounting Basics - Finding the Owners Capital (https://www.askmehelpdesk.com/showthread.php?t=828047)

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!

All times are GMT -7. The time now is 05:16 AM.