Question
A summary of selected ledger accounts appears below for Alberto's Plumbing Services for the current calendar year-end. Alberto, Capital 12/31 8,500 1/1 6,500 12/31 15,000
A summary of selected ledger accounts appears below for Alberto's Plumbing Services for the current calendar year-end.
Alberto, Capital
| 12/31 8,500 | 1/1 6,500 |
| 12/31 15,000 |
Alberto, Drawing
| 6/30 3,500 | 12/31 15,000 |
| 11/30 5,000 |
Net income for the period is
a. $18,500 b. $33,500 c. $13,000 d. $15,000
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College Accounting Chapters 1 24
Authors: Douglas J. Mcquaig, Patricia Bille, Tracie L. Nobles
10th Edition
1439037752, 9781439037751
