Question

What is Bill’s ending owner’s equity on a statement of changes in owner's equity if his...

What is Bill’s ending owner’s equity on a statement of changes in owner's equity if his records show $8,000 in investment by owner, $25,000 in net income, $9,000 in expenses and $4,000 in owner drawings?

Homework Answers

Answer #1
Investment by owner 8000
Net Income 25000
Expenses -9000
Drawings -4000
Bills Ending Owners Equity 20000
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