Begin by identifying the accounting equation and the formula expressed by the statement of owner's equity (the "equity equation"): (Abbreviation used: Account. = Accounting.)

Account. equation:	=	Assets = Liabilities + Equity
Equity equation:	=	Capital, Beginning + Owner contribution + Net income or - Net loss - Owner withdrawal = Capital, Ending

For each of the following situations with regard to owner's contributions and withdrawals of the business, compute the amount of net income or net loss during June

20182018.

(Use a minus sign or parentheses for a net loss.)

a. The owner contributed

$ 7 comma 500$7,500

to the business and made no withdrawals.