Question
At October 1, Swifty Company reported owners equity of $70300. During October, the owner made additional investments of $9500 and the company posted a net
At October 1, Swifty Company reported owners equity of $70300. During October, the owner made additional investments of $9500 and the company posted a net loss of $4100. If owners equity at October 31 totals $72300, what amount of owner drawings were made during the month?
$3400
$5400
$0
$9500
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Fundamental Managerial Accounting Concepts
Authors: Thomas Edmonds, Christopher Edmonds, Bor Yi Tsay, Philip Old
7th edition
978-0077632427, 77632427, 78025656, 978-0078025655
