What is the total owner drawings in the statement

Assignment Help Accounting Basics
Reference no: EM132633135

Question - Statement of Changes in Owner's Equity

Beginning Balance $5,000

Net Income $12,000

Drawings ?

Ending Balance $14,500

Required - What is the total owner drawings in the statement of changes in owner's equity that Cindy drafted for her grocery store, shown here?

a) $9,500

b) $17,000

c) $1,500

d) $2,500

Reference no: EM132633135

Questions Cloud

Policy pioneer presentation : Student will develop a presentation of a policy pioneer assigned to them. Details will include a brief biography of the pioneer, policies and services created
Sympathetic and parasympathetic nervous systems : Explain the difference between sympathetic and parasympathetic nervous systems.
Information-Processing : You have been assigned by Analyzing Children Cognitive Development Pre-Activity to one theoretical perspective of cognitive development: Information-Processing
Endocytosis and breakdown of pathogens : A macrophage (white blood cell) chases a bacterial cell. It eventually engulfs the bacterial cell. Which of the following is directly
What is the total owner drawings in the statement : What is the total owner drawings in the statement of changes in owner's equity that Cindy drafted for her grocery store, shown here
Should the company accept or reject the order and why : Should the company accept / reject the order? A special order has been received from outside for 5,000 units at a selling price of 45 per unit
Explain the effect that conventional tilling : Explain the effect that conventional tilling has on the soil structure, and how you expect this to impact the soil with long-term use.
Should the component be purchased from the market : Should the component be purchased from the market? The same component can be purchased from market at a price of $29 per unit.
How would i rank these four organisms : How would I rank these four organisms as best to worst at? why is that?

Reviews

Write a Review

Accounting Basics Questions & Answers

  Sherry rents her vacation home for 6 months and lives in it

sherry rents her vacation home for 6 months and lives in it for 6 months during the year. her gross rental income

  What is the controlling interest in consolidated net income

Without regard for this investment, Keefe independently earns $300,000 in net income during 2015. What is the controlling interest in consolidated net income

  Prepare the general journal entry

Use this information to prepare the General Journal entry (without explanation) for the August 31, 2016 monthly lease payment

  What amount will be reported on the income statement

what amount will be reported on the income statement as net sales and as gross profit

  What is the amount of the dividend being distributed to sue

Kate and Sue decide to start their own corporation. What is the amount of the dividend being distributed to Sue

  Calculate the lincoln company''s work opportunity credit

Lincoln Company hires 22 individuals who are certified to be members of a qualifying targeted group. Calculate the Lincoln Company's work opportunity credit

  Wadjase corp prepared a master budget that included 17800

wadjase corp prepared a master budget that included 17800 for direct materials 28000 for direct labor 15000 for

  What are the tax consequences of classifying the loan

What are the tax consequences of classifying the loan as a compensation-related loan rather than as a corporation-shareholder loan

  Rick kleckner corporation recorded a capital lease at

rick kleckner corporation recorded a capital lease at 283360 on january 1 2012. the interest rate is 12. kleckner

  What is the amount of accumulated depreciation at december

What is the amount of accumulated depreciation at December 31, 2017, if the straight-line method of depreciation is used?

  Determine the incremental cost or benefit of buying motors

Prepare a schedule to determine the incremental cost or benefit of buying the motors from the outside supplier

  Question - Five Measures of Solvency or Profitability

Income before income tax was $270,000, and income taxes were $39,600, for the current year. Determine the earnings per share on common stock

Free Assignment Quote

Assured A++ Grade

Get guaranteed satisfaction & time on delivery in every assignment order you paid with us! We ensure premium quality solution document along with free turntin report!

All rights reserved! Copyrights ©2019-2020 ExpertsMind IT Educational Pvt Ltd