Q:

What is the balance of Owner’s drawings?

0

What is the balance of Owner’s drawings?

 

Owner’s capital Jan 1...........................................$44000

Add: additional investment...................???

Net income................................................???

Total............................................................................81000

 

Less: owner’s Drawings............................................??????

 

Owner’s capital, Dec 31............................................$73000


  1. $37,000
  2. $29,000
  3. $8,000
  4. None of the above

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C. $8,000

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