At October 1, Bonita company reported owners equity of $70,000. During October, the owner made additional investments of $4,300 and the company earned a net income of $13,900. If the owner's equity at October 31 totals $80,700, what amount of owner's drawings were made during the month?

At October 1, Bonita company reported owners equity of $70,000. During October, the owner made additional investments of $4,300 and the company earned a net income of $13,900. If the owner's equity at October 31 totals $80,700, what amount of owner's drawings were made during the month?

Managerial Accounting: The Cornerstone of Business Decision-Making

7th Edition

ISBN:9781337115773

Author:Maryanne M. Mowen, Don R. Hansen, Dan L. Heitger

Publisher:Maryanne M. Mowen, Don R. Hansen, Dan L. Heitger

Chapter15: Financial Statement Analysis

Section: Chapter Questions

Problem 50E: Juroe Company provided the following income statement for last year: Juroes balance sheet as of...

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