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46) Sharon Samson starts a plumbing service named Reliable Waterworks. Selected transactions are described as follows: & A) Sharon deposited $8000 into a new cheque
46) Sharon Samson starts a plumbing service named Reliable Waterworks. Selected transactions are described as follows: & A) Sharon deposited $8000 into a new cheque account for the business and recorded the capital contribution. B) Paid $4000 cash for equipment to be used for plumbing repairs.- C) Borrowed $12,000 from a local bank and deposited the money in the cheque account. D) Paid $600 rent for the year. . E) Paid $100 cash for plumbing supplies to be used in future. F) Completed a plumbing repair project for a local lawyer and received $4000 cash. Calculate the profit
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