Amy is a sole trader and had assets of $569,400 and liabilities of $412,840 on 1 January 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. Find the profit for the year Decemeber 31 20X8
Amy is a sole trader and had assets of $569,400 and liabilities of $412,840 on 1 January 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. Find the profit for the year Decemeber 31 20X8
Chapter1: Financial Statements And Business Decisions
Section: Chapter Questions
Problem 1Q
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Amy is a sole trader and had assets of $569,400 and liabilities of $412,840 on 1 January 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.
Find the profit for the year Decemeber 31 20X8
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