(Solved by Humans)-Blair Scott started a sole proprietorship by depositing $32,000
Question
Blair Scott started a sole proprietorship by depositing $32,000 cash in a business checking account. During the accounting period the business borrowed $14,000 from a bank, earned $4,200 of net income, and Scott withdrew $5,400 cash from the business. Based on this information, at the end of the accounting period Scott's capital account contained a balance of:
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