A sole proprietor’s owner’s equity balance
Question # 00555345
Posted By:
Updated on: 07/01/2017 07:16 AM Due on: 07/01/2017
A sole proprietor’s owner’s equity balance was $10,000 at the beginning of the year and
was $22,000 at the end of the year. During the year the owner invested $5,000 in the
business and had withdrawn $24,000 for personal use. The sole proprietorship’s net
income for the year was
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Rating:
/5
Solution: A sole proprietor’s owner’s equity balance