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How come I keep getting the increase in owner's equity incorrect? I am subtracting drawings from the net income. The value of drawings is $2000.
How come I keep getting the increase in owner's equity incorrect? I am subtracting drawings from the net income. The value of drawings is $2000.
4. Determine the following: a. Amount of total revenue recorded in the ledger. $18,250.00 $14,700.00 b. Amount of total expenses recorded in the ledger. c. Amount of net income for January. $3,550.00 Points: 3/3 5. Determine the increase or decrease in owner's equity for January. $1,550.00 X Points: 0/1 4. Determine the following: a. Amount of total revenue recorded in the ledger. $18,250.00 $14,700.00 b. Amount of total expenses recorded in the ledger. c. Amount of net income for January. $3,550.00 Points: 3/3 5. Determine the increase or decrease in owner's equity for January. $1,550.00 X Points: 0/1Step by Step Solution
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