Question
At October 1, Flambo Company reported owners equity of $70,000. During October, no additional investments were made and the company earned net income of $18,000.
At October 1, Flambo Company reported owners equity of $70,000. During October, no additional investments were made and the company earned net income of $18,000. If owners equity at October 31 totals $80,000, what amount of owner drawings were made during the month?
| $0 |
| $8,000 |
| $26,000 |
| $10,000 |
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Managerial Accounting
Authors: Karen W. Braun, Wendy M. Tietz
5th edition
134128524, 978-0134128528
