Hollywood Talent Services is a sole proprkiorship operated by Pill Morris. The net income of Hollywood Talent
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Question:
Hollywood Talent Services is a sole proprkiorship operated by Pill Morris. The net income of Hollywood Talent Services is S23.000 for the year. The beginning and ending Morris. Capital account was $33,000 and S50,000, respectively. During the rat, there were no new capital contributions.
Calculate the amount of the owner's withdrawals for the year.
a) $6000
b) $4000
c) $2000
d) $8000
Related Book For
Financial accounting
ISBN: 978-0136108863
8th Edition
Authors: Walter T. Harrison, Charles T. Horngren, William Bill Thomas
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