Josh's Overhead Doors reports the following financial information Assets .........................$42600 Liabilities ......................17220 Josh, Capital ..................26240 Josh, Withdrawals
Question:
Assets .........................$42600
Liabilities ......................17220
Josh, Capital ..................26240
Josh, Withdrawals .............8500
Revenues ......................12080
Expenses ............................?
Requirements
1. Use the accounting equation to solve for the missing information.
2. Did Josh's Overhead Doors report net income or net loss?
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Related Book For 
Horngrens Accounting
ISBN: 978-0133866889
11th edition
Authors: Tracie L. Miller Nobles, Brenda L. Mattison, Ella Mae Matsumura
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