The following account information is in regard to activity
during the month of April within the Happy Cat Sushi restaurant
located in Atlantic City, New Jersey.
Happy Cat Account Data
Cash
$31,300
Accounts Receivable
$3,000
Truck (Delivery)
$12,000
Supplies
$6,000
Restaurant Revenue
$3,000
M. Xian - Capital (04/01/2010)
$50,000
Gasoline Expense
$700
Utilities Expense
$900
Salary Expense
$4,500
Miscellaneous Expense
$400
Accounts Payable
$5,500
During the month of April, Ms. Xian withdrew $700 to purchase a
silver platter for her parent's 50th wedding anniversary and also
invested an additional $1,000 in Happy Cat (not reflected in
the trial balance presented). What would be Ms. Xian's Owner's
Equity balance at the end of April in light of these
activities?
$46,500
None of the other answers
$51,700
$50,000
$46,800