Required information [The following information applies to the questions displayed below.] The accounting records of Nettle Distribution
Fantastic news! We've Found the answer you've been seeking!
Question:
Required information [The following information applies to the questions displayed below.] The accounting records of Nettle Distribution show the following assets and liabilities as of December 31, 2018 and 2019. December 31 Cash Accounts receivable Office supplies Office equipment Trucks Building Land Accounts payable Note payable 2018 $ 51,462 27,934 4,406 135, 266 52,932 2019 $ 9,443 21,901 3,227 144,083 61,932 176,450 44,031 36,424 120,481 73,440 2. Compute net income for 2019 by comparing total equity amounts for these two years and using the following information: During 2019, the owner invested $35.000 additional cash in the business (in exchange for common stock) and the company paid a $24,000 cash dividend. Equity, December 31, 2018 Equity, December 31, 2019 CUP
Posted Date: