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The accounting records of Nettle Distribution show the following assets and liabilities as of December 31, 2017 and 2018. 17 2018 s 51,084 9,307 27,729
The accounting records of Nettle Distribution show the following assets and liabilities as of December 31, 2017 and 2018. 17 2018 s 51,084 9,307 27,729 21,740 4,3743,204 134,271 143,024 52,542 61,542 0 175,153 43,707 72,90036,156 0 118,860 December 3:1 Cash Accounts receivable Office supplies Office equipment Trucks Building Land Accounts payable Note payable 2. Compute net income for 2018 by comparing total equity amounts for these two years and using the following information: During 2018, the owner invested $35,000 additional cash in the business (in exchange for common stock) and the company paid $28,800 cash in dividends. 2. Compute net income for 2018 b y comparing total equity amounts for these two years and using the following information n exchange for common stock) and the company During 2018, the owner invested $35,000 additional cash in the business (n exchange for common stock) and the comp paid $28,800 cash in dividends. Computation of 2018 equity increase Equity, December 31, 2017 Add. Net income ess: Dividends Equity, December 31, 2018
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