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A summary of selected ledger accounts appears below for Alberto's Plumbing Services for the current calendar year-end. Common Stock 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.
| Common Stock | |||
| 12/31 | 8,500 | 1/1 | 6,500 |
| 12/31 | 15,000 | ||
| Retained Earnings | |||
| 6/30 | 3,500 | 12/31 | 15,000 |
| 11/30 | 5,000 | ||
| Income Summary | |||
| 12/31 | 18,500 | 12/31 | 33,500 |
| 12/31 | 15,000 | ||
Net income for the period is
a. $15,000
b. $33,500
c. $13,000
d. $18,500
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AML Auditing Understanding Currency Transaction Reports What Every AML KYC Auditor Should Know
Authors: Bob Walsh
1st Edition
153952731X, 978-1539527312
