Murray kiser operates his own catering service summary

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Reference no: EM13600484

Murray Kiser operates his own catering service. Summary financial data for February are presented in wquation form as follows. Each line designated by a number indicates the effect of a transaction on the equation. Each increase and decrease in owner's eauity. except transaction(5), affects net income.

1.What is the amount of net decrease in cash during the month?

2.What is the amount of net increase in owner's equity during the month?

3.What is the amount of the net income for the month?

4. How much of the net income for the month was retained in the business?

Reference no: EM13600484

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