Owners' equity at the end of the start of the period is 35,000 and net income for the period is 30,000. The total investments by the owner are $15,000 and the total withdrawals by the owner are 5,000. The owners equity at the end of the period is _.

Owners' equity at the end of the start of the period is 35,000 and net income for the period is 30,000. The total investments by the owner are $15,000 and the total withdrawals by the owner are 5,000. The owners equity at the end of the period is _.

College Accounting, Chapters 1-27 (New in Accounting from Heintz and Parry)

22nd Edition

ISBN:9781305666160

Author:James A. Heintz, Robert W. Parry

Publisher:James A. Heintz, Robert W. Parry

Chapter17: Accounting For Notes And Interest

Section: Chapter Questions

Problem 6RQ

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