with explanation

a. $15,000 Ans b S08 BT AN Difficulty, Easy TOT: 1.0 min. AACSB: Reflective Thinking AICPA BB: Ciritical Thinking AICPA FN: Reporting 148. At October 1, Smithson Enterprises reported owner's equity of $35,000, During October no additional investments were made and the company earned net income of owner's equity at October 31 totals $32,000, what amount of owner drawings were during the month? a. $0 b. $1,000 c. $3,000 d. $7,000 $4,000 If made Ans d S08 BT: AN Difficulty Easy TOT: 1.0 min. AACSB. Reflecive Thinking AICPA 88 Critical Thinking AICPA FN. Reporting At October 1, Smithson Enterprises reported owner's equity of $35,000. During October, no additional investments were made and the company posted a net loss of $3,000, If owner's equity at October 31 totals $32,000, what amount of owner drawings were made during the month? a. $0 b. $1,000 c. $3,000 d. $7,000 149. Ans a S08 BT: AN Difficulty: Easy TOT: 1.0 min. AACSB Reflective Thinking AICPA BB: Critical Thinking AICPA FN. Reporting