Question
Hosta Supermarket Co has the following items in its statement of financial position as at the end of Year 9: Trade receivables 62,000 Inventories 34,000
Hosta Supermarket Co has the following items in its statement of financial position as at the end of Year 9:
Trade receivables 62,000
Inventories 34,000
Motor vans 62,000
Bank 5,000
Short-term loans 15,000
Property 123,000
Trade payables 41,000
Fixtures and equipment 37,000
Long-term loan 46,000
Goodwill 50,000
Equity At the end of Year 8 the equity of the business was 230000. During Year 9, the owner withdrew cash for her personal use and introduced 12000 in cash. The business reported a profit for Year 9 of 42000. What were the owner's drawings for Year 9?
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