Q:

What is the balance of Owner’s drawings?

Ibrahimhamm

Save to bookmark

|

2022-06-23

|

732

Medium

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

$37,000
$29,000
$8,000
None of the above

Accounting, exam questions, MCQ Questions, Accounting exam-questions, Accounting MCQ-questions,

login and add your own answer to this question

All Answers

Ibrahimhamm

2022-06-23

need an explanation for this answer? contact us directly to get an explanation for this answer

C. $8,000

need an explanation for this answer? contact us directly to get an explanation for this answer

total answers (1)