What is amy profit for the year ended 31 december 20x8

Reference no: EM13859287

Amy is a sole trader and had assets of $569,400 and liabilities of $412,840 on 1 January 20X8. During the year ended 31 December 20X8 she paid $65,000 capital into the business and she paid herself wages of $800 per month.

At 31 December 20X8, Amy had assets of $614,130 and liabilities of $369,770.What is Amy's profit for the year ended 31 December 20X8?

Reference no: EM13859287

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