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Question 2 (10 points) A summary of selected ledger accounts appear below for S. Ball for the current calendar year Answer questions 1 through 4
Question 2 (10 points) A summary of selected ledger accounts appear below for S. Ball for the current calendar year Answer questions 1 through 4 based on this information. S. Ball, Capital 1/1 27,000 12/31 4,250 S Ball, Withdrawals 3/31 2,000 10/31 3,000 12/31 6,500 12/31 6,000 12/22 1,000 Income Summary 12/31 17,000 12/31 12,750 12/31 4,250 2.What was the net income? $1000 O$4250 $6500 $2000 SJ OCT 27 Question 5 (6U points) Classify each of the following account types by selecting options 1 through 5. Accounts Receivable 5 Brandon Jones, Capital Salaries Payable Supplies 1. Current Assets Equipment 2. Current Liabilities Land 3. Fixed Assets Mortgage 4. Long-term Liability Accounts Payable 5. Equity Unearned Revenue Cash oCT 27
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