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Discuss the amount of drawings for the year is

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Reference no: EM131818653

The balance sheet of I. Turner Sole trader showed:

30 June

2013 2014

Capital I. Turner $150,000 $190,000

The profit for the year ending 30 June 2014 was $60,000. During the year additional capital of $40,000 was contributed in cash. Drawing in cash were made weekly. The amount of drawings for the year is?

Reference no: EM131818653

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