Pauline Palmer began a new business by depositing $100,000 in the business bank account. She wrote two

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Pauline Palmer began a new business by depositing $100,000 in the business bank account. She wrote two checks from the business account: $20,000 for office furniture and $5,000 for office supplies. What is her financial interest in the company?
a. $75,000
b. $100,000
c. $80,000
d. $125,000

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College Accounting A Contemporary Approach

ISBN: 9781260780352

5th Edition

Authors: David Haddock, John Price, Michael Farina

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