Equity balances for Sen Widyaya appearing in the balance sheets of Widyayas Window Washing Services as at
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Equity balances for Sen Widyaya appearing in the balance sheets of Widyaya’s Window Washing Services as at 30 June 2019, 2018 and 2017 are set out below.
During 2017–2018, Sen withdrew $25 000 for personal use and also contributed additional capital of $8000. During 2018–2019, he withdrew $10 000 capital from the business, and withdrew $15 000 cash for his own use in anticipation of profits.
Required
Determine the profit/loss earned by the business in each of the 2 years ended 30 June 2019 and 30 June 2018.
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Related Book For 
Financial Accounting
ISBN: 9780730363217
10th Edition
Authors: John Hoggett, John Medlin, Keryn Chalmers, Claire Beattie, Andreas Hellmann, Jodie Maxfield
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