The​ owner's capital account has a January​ 1, 2019, balance of $59,000. The​ owner's withdrawals account has a balance of $25,600 for the year ending December​ 31, 2019. The income summary account contains a debit for $20,500 and a credit for $56,900. The balance in the​ owner's capital account on December​ 31, 2019, is​ _______.

Q&A Education