D Google Chrome File Edit View History Bookmarks Profiles Tab Window Help bjs-Google Search X M Chapter 2 Quiz - Connect x QuickLaunchSSO:: Single Siç x M Question 13 - Chapter 2 Hom + ezto.mheducation.com/ext/map/index.html?_con=con&external_browser=0&launchUrl=https%253A%252F%252Fbb.mwcc.edu%252Fwe... Chapter 2 Homework i 13 Part 2 of 3 1.38 points Saved [The following information applies to the questions displayed below.] The accounting records of Nettle Distribution show the following assets and liabilities as of December 31 for Year 1 and Year 2. December 31 Cash Accounts receivable Office supplies Year 1 $ 49,570 26,907 4,244 Year 2 $ 8,765 21,096 3,109 138,786 Office equipment 130,293 Trucks 50,986 59,986 Building 0 169,963 Land 0 42,411 Accounts payable 70,740 35,085 0 112,374 eBook Ask Note payable Print Problem 2-5A (Algo) Part 2 References Mc Graw Hill He 2. Compute net income for Year 2 by comparing total equity amounts for these two years and using the following information: D Year 2, the owner invested $36,000 additional cash in the business and withdrew $36,000 cash for personal use. Equity, December 31, Year 1 Add: Owner's investment 11641 0 < Prev 13 14 of 15 Next > MAY 28 tv N MacBook Pro 66
D Google Chrome File Edit View History Bookmarks Profiles Tab Window Help bjs-Google Search X M Chapter 2 Quiz - Connect x QuickLaunchSSO:: Single Siç x M Question 13 - Chapter 2 Hom + ezto.mheducation.com/ext/map/index.html?_con=con&external_browser=0&launchUrl=https%253A%252F%252Fbb.mwcc.edu%252Fwe... Chapter 2 Homework i 13 Part 2 of 3 1.38 points Saved [The following information applies to the questions displayed below.] The accounting records of Nettle Distribution show the following assets and liabilities as of December 31 for Year 1 and Year 2. December 31 Cash Accounts receivable Office supplies Year 1 $ 49,570 26,907 4,244 Year 2 $ 8,765 21,096 3,109 138,786 Office equipment 130,293 Trucks 50,986 59,986 Building 0 169,963 Land 0 42,411 Accounts payable 70,740 35,085 0 112,374 eBook Ask Note payable Print Problem 2-5A (Algo) Part 2 References Mc Graw Hill He 2. Compute net income for Year 2 by comparing total equity amounts for these two years and using the following information: D Year 2, the owner invested $36,000 additional cash in the business and withdrew $36,000 cash for personal use. Equity, December 31, Year 1 Add: Owner's investment 11641 0 < Prev 13 14 of 15 Next > MAY 28 tv N MacBook Pro 66
Chapter1: Financial Statements And Business Decisions
Section: Chapter Questions
Problem 1Q
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ezto.mheducation.com/ext/map/index.html?_con=con&external_browser=0&launchUrl=https%253A%252F%252Fbb.mwcc.edu%252Fwe...
Chapter 2 Homework i
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Part 2 of 3
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Saved
[The following information applies to the questions displayed below.]
The accounting records of Nettle Distribution show the following assets and liabilities as of December 31 for Year 1 and
Year 2.
December 31
Cash
Accounts receivable
Office supplies
Year 1
$ 49,570
26,907
4,244
Year 2
$ 8,765
21,096
3,109
138,786
Office equipment
130,293
Trucks
50,986
59,986
Building
0
169,963
Land
0
42,411
Accounts payable
70,740
35,085
0
112,374
eBook
Ask
Note payable
Print
Problem 2-5A (Algo) Part 2
References
Mc
Graw
Hill
He
2. Compute net income for Year 2 by comparing total equity amounts for these two years and using the following information: D
Year 2, the owner invested $36,000 additional cash in the business and withdrew $36,000 cash for personal use.
Equity, December 31, Year 1
Add: Owner's investment
11641
0
< Prev
13 14
of 15
Next >
MAY
28
tv N
MacBook Pro
66](/v2/_next/image?url=https%3A%2F%2Fcontent.bartleby.com%2Fqna-images%2Fquestion%2F8285acfc-5e7d-475c-bb54-fc8223804db8%2F901b70e6-6153-493b-b6ab-e0d9b6f315b4%2Fi69tx8_processed.jpeg&w=3840&q=75)
Transcribed Image Text:D
Google Chrome
File
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bjs-Google Search
X
M Chapter 2 Quiz - Connect
x QuickLaunchSSO:: Single Siç x
M Question 13 - Chapter 2 Hom
+
ezto.mheducation.com/ext/map/index.html?_con=con&external_browser=0&launchUrl=https%253A%252F%252Fbb.mwcc.edu%252Fwe...
Chapter 2 Homework i
13
Part 2 of 3
1.38
points
Saved
[The following information applies to the questions displayed below.]
The accounting records of Nettle Distribution show the following assets and liabilities as of December 31 for Year 1 and
Year 2.
December 31
Cash
Accounts receivable
Office supplies
Year 1
$ 49,570
26,907
4,244
Year 2
$ 8,765
21,096
3,109
138,786
Office equipment
130,293
Trucks
50,986
59,986
Building
0
169,963
Land
0
42,411
Accounts payable
70,740
35,085
0
112,374
eBook
Ask
Note payable
Print
Problem 2-5A (Algo) Part 2
References
Mc
Graw
Hill
He
2. Compute net income for Year 2 by comparing total equity amounts for these two years and using the following information: D
Year 2, the owner invested $36,000 additional cash in the business and withdrew $36,000 cash for personal use.
Equity, December 31, Year 1
Add: Owner's investment
11641
0
< Prev
13 14
of 15
Next >
MAY
28
tv N
MacBook Pro
66
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