Hollywood talent services is a sole proprietorship operated by phil morris. the net income of hollywood talent services is $23,000 for the year. the beginning and ending morris, capital account was $33,000 and $50,000, respectively. during the year, there were no new capital contributions. calculate the amount of the owner's withdrawals for the year. selected $6,000 correct $6,000

$6,000

Explanation:

As we know that  

Ending balance of capital account = Beginning balance of capital account + net income - the withdrawn amount  

$50,000 = $33,000 + $23,000 - the withdrawn amount  

$50,000 = $56,000 - the withdrawn amount  

So, the withdrawn amount would be $6,000

We simply applied the above formula in order to find out the owner's withdrawals for the year.

definitely a

the answer is true.  i do believe this is the answer because of the amount of wrecks people get into each year.  if you double this with avoiding those so said wrecks, that would make you a "skilled" driver.