Question
At January 1, 2008, Burton Industries reported owners equity of $130,000. During 2008, Burton had a net income of $30,000 and owner drawings of $20,000.
At January 1, 2008, Burton Industries reported owners equity of $130,000. During 2008, Burton had a net income of $30,000 and owner drawings of $20,000. At December 31, 2008, the amount of owners equity is
a. $130,000.
b. $140,000.
c. $100,000.
d. $80,000.
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Payroll Accounting 2020
Authors: Jeanette Landin
6th Edition
1260247961, 9781260247961
