Saylor Enterprises had a capital balance of $168,000 at the beginning of the period. At the end

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Saylor Enterprises had a capital balance of $168,000 at the beginning of the period. At the end of the accounting period, the capital balance was $198,000.
(a) Assuming no additional investment or withdraw als during the period, what is the net income for the period?
(b) Assuming an additional investment of $13,000 but no withdrawals during the period, what is the net income for the period?

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Accounting Principles

ISBN: 9781118566671

11th Edition

Authors: Jerry Weygandt, Paul Kimmel, Donald Kieso

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