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Question 35 5 pts A company began the accounting period with $50,000 in owner's equity, ended with $75,000 in owner's equity, and the owner withdrew
Question 35 5 pts A company began the accounting period with $50,000 in owner's equity, ended with $75,000 in owner's equity, and the owner withdrew $30,000 during the period for personal use. What was the company's net income or net loss? O $20,000 $45,000 O $25,000 O $55,000 Question 36 5 pts The following is taken from the Mary's Coiffure Salon general ledger. You are asked to prepare the trial balance. What is the balancing amount? Fill in the Blank. Cash $1,800 Salon Fees $4,000 Accounts Receivable $700 Rent Expense $1200 Accounts Payable $400 Supplies Expense $1300 Mildred Hayes, Capital $4,000 Salaries Expense $2600 Mildred Hayes, Withdrawal $100 Salon Equipment 700
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