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The medical practice of Dr. W. Lee and Dr. M. Allen had the following general ledger account balances at April 30, 2024, its fiscal year
The medical practice of Dr. W. Lee and Dr. M. Allen had the following general ledger account balances at April 30, 2024, its fiscal year end: Accounts payable $28,300 M. Allen, drawings $126,400 Accumulated depreciationequipment 17,900 Operating expenses 156,100 Cash 37,600 Service revenue 393,800 Equipment 78,400 W. Lee, capital 38,500 M. Allen, capital 52,600 W. Lee, drawings 132,600 Calculate the profit or loss for the year. (Enter negative amounts using either a negative sign preceding the number e.g. -45 or paren
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