At the end of its first month of operations, Michael's Consulting Services reported net income of...

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At the end of its first month of operations, Michaels Consulting Services reported net income of $28,300. They also had acco

business accounting

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Answer 1

Answer #1

rate positively ..

Computation of total equity

Beginning balance =		5550
Add: Net income =		28300
Ending equity balance		33850

answer =		33850

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Answer 2

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