Below is a summary of selected Alberto's Plumbing Services ledger accounts for the current calendar year end.

Common actions
31/12	8,500	1/1	6,500
		31/12	15,000
Retained earnings
30/6	3500	31/12	15,000
30/11	5,000
Income Summary
31/12	18,500	31/12	33,500
31/12	15,000

The net income for the period is ?

Answer rating: 100% (QA)

Retained earnings on 306 ... View the full answer