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For each of the following situations with regard to owner's contributions and withdrawals of the business, compute the amount of net income or net loss

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For each of the following situations with regard to owner's contributions and withdrawals of the business, compute the amount of net income or net loss during June 2016. a. The owner contributed $7,500 to the business and made no withdrawals. b. The owner made no contributions. The owner withdrew cash of $13,000. c. The owner made contributions of $20,000 and withdrew cash of $18,000

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