Statement of Owners Equity | ||
Owners capital, January 1 | 47,000 | |
Add: Net income | 8,000 | |
Less: Owners, drawings | -15,000 | |
-7,000 | ||
Owners capital, January 31 | $40,000 |
The balance of Owner, capital at January 31 on the firm's statement of owner's equity = $40,000
Fourth option is correct.
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The balance of Owner, Capital, at January 1 was $47.000. During the month of January, the...
Help Save & Exit The balance of Owner, Capital, at January 1 was $47,000. During the month of January, the net income for the business was $8,000, and the owner withdrew $15,000 for personal use. What amount would be reported as th balance of Owner, Capital at January 31 on the firm's statement of owner's equity?
The beginning capital balance shown on a statement of owner's equity is $270,000. Net income for the period is $67,000. The owner withdrew $33,500 cash from the business and made no additional investments during the period. The owner's capital balance at the end of the period is Multiple Choice $303,500. $370,500 $270,000. $337,000
The beginning capital balance shown on a statement of owner's equity is $48,000. Net income for the period is $14,500 and the owner withdrew $18,500 cash from the business and made no additional investments during the period. The owner's capital balance at the end of the period is Multiple Choice $62,500. $52,000. $81,000. $44,000.
The beginning capital balance shown on a statement of owner's equity is $200,000. Net income for the period is $60,000. The owner withdrew $30,000 cash from the business and made no additional investments during the period. The owner's capital balance at the end of the period is Multiple Choice $200,000. $230,000. $290,000. $260,000.
The beginning capital balance shown on a statement of owner's equity is $200,000. Net income for the period is $60,000. The owner withdrew $30,000 cash from the business and made no additional investments during the period. The owner's capital balance at the end of the period is Multiple Choice $200,000. $230,000. $290,000. $260,000.
The beginning capital balance shown on a statement of owner's equity is $62,000. Net income for the period is $18,000 and the owner withdrew $22,000 cash from the business and made no additional investments during the period. The owner's capital balance at the end of the period is Multiple Choice $66,000 $80,000 $102,000. $58,000
Exercise Help Save &Exit Submit The beginning capital balance shown on a statement of owner's equity is $66,000 Net income for the period is $19,000 and the owner withdrew $23,000 cash from the business and made no additional investments during the period. The owner's capital balance at the end of the period is Mumiple Choice 70,000 85000 62000 《 Prev 6er olll Next> 3 USE YOUR SMARTPHOHE ets fz SCAN
The beginning capital balance shown on a statement of owner's equity is $80,000. Net income for the period is $37,000. The owner made no additional investments during the period. The owner's capital balance at the end of the period is $96,000. The amount the owner withdrew for personal use during the period is
The beginning capital balance shown on a statement of owner's equity is $83,000. Net income for the period is $33,000. The owner withdrew $41,000 cash from the business and made no additional investments during the period. The owner's capital balance at the end of the period is
The beginning capital balance shown on a statement of owner's equity is $72,000. Net income for the period is 22,000. The owner withdrew $30,000 cash from the business and made no additional investments during the period. The owner's capital balance at the end of the period is