The adjusted capital as at 31/1/2007 is

Given:

Drawings – #3,500
Net loss – #2,500
Capital 1/1/2007 – #35,000
Additional capital – #10,000

The adjusted capital as at 31/1/2007 is

A #35,000

B #39,000

C #45,000

D #46,000

Answer is C

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