The beginning capital of the business totals $4,000. If the net income for the period totals $14,000 and the withdrawals by the owner total $3,000, what will be the new capital balance reported?

To find the new capital balance, we need to consider the beginning capital, net income, and withdrawals by the owner.

The formula to calculate the new capital balance is as follows:

New Capital Balance = Beginning Capital + Net Income - Owner's Withdrawals

Given:
Beginning Capital = $4,000
Net Income = $14,000
Owner's Withdrawals = $3,000

Now let's substitute the given values into the formula:

New Capital Balance = $4,000 + $14,000 - $3,000

Calculating:

New Capital Balance = $18,000

Therefore, the new capital balance reported will be $18,000.