A summary of selected ledger accounts appears as follows for Alberto's Plumbing Services for the current calendar year-end. Alberto, Capital     12/31 Clos. 8,541         1/1 Bal. 6,926                 12/31 Clos. 13,530     Alberto, Drawing     6/30 2,512         12/31 Clos. 8,541         11/30 6,029             Net income for the period is a.$13,530 b.$32,457 c.$6,926 d.$18,927

FINANCIAL ACCOUNTING
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ISBN:9781259964947
Author:Libby
Publisher:Libby
Chapter1: Financial Statements And Business Decisions
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A summary of selected ledger accounts appears as follows for Alberto's Plumbing Services for the current calendar year-end.

Alberto, Capital
    12/31 Clos. 8,541         1/1 Bal. 6,926    
            12/31 Clos. 13,530    

Alberto, Drawing
    6/30 2,512         12/31 Clos. 8,541    
    11/30 6,029            

Net income for the period is

a.$13,530
b.$32,457
c.$6,926
d.$18,927
 
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