Question: cant figure out part C so when looking at this last part. i tried just using owners capital and also tried using the owners drawings

cant figure out part C

so when looking at this last part. i tried just using owners capital and also tried using the owners drawings and subtracted to owners capital. i think what i have the most trouble with. is what all is considered owners capital. I thought just the owners drawings was it.

Dutermine the net income for the quarter farill a 1me30. Nct income \$ (b) Vour arower s monvet. Determine the amount that appears for Oaner's Capital at June 30, 2022 . (a) Determine the net inceme for the quarter Asril 1 to June 30 . 5 (b) {C} Determine the amount that appears for Owner's Caphal at June 30, 2022

Step by Step Solution

There are 3 Steps involved in it

1 Expert Approved Answer

Step: 1 Unlock blur-text-image

Question Has Been Solved by an Expert!

Get step-by-step solutions from verified subject matter experts

Step: 2 Unlock

Step: 3 Unlock

Students Have Also Explored These Related Accounting Questions!

(1) Income Statement Referencing this week?s readings and lecture, address the following: ? What are the two causes of an increasing or decreasing sales number? ? Discuss all the reasons that might...

I need help with a last minute Accounting 1 assignment. My regular tutor is off the grid so I am looking for a replacement. I have created the outline for you and enclosed the rubric, plus all f the...

Income Statement of an interior design firm, Grand Designs, that makes money by selling hours (fees) and by selling furniture or other items (Sale of Goods). 1) Using the formula for Profit Margin,...

1. (Points: 1) With respect to a corporation, select the statement that is correct. a. Its organization requires an approved charter which is governed by state law. b. Ownership rights to the...

Q-1 Read the case properly and elaborate on risk assessment and Link your analysis to Don Rogers feeling about Tetra Techs risk. What has Tetra Tech done to overcome the difficulties associated with...

Kindly help me answer question 1-7 in case 33 shuckers miller and modigliani -cases in financial management. TTHTCASE 3 3 SHUCKER S MILLER AND MODIGLIANI The results of the market test had surprised...

there are 5 photos for this problem, the last photo is Lidia's transactions that were recorded File Away is a local Professional Organizing Company, specializing in decluttering your home, work, and...

(1)The Statement of Cash Flows Referencing this week?s readings and lecture, describe the following terms as they relate to the statement of cash flows: cash, operating activities, investing...

In an America OnLine poll of 671 people, 36% answered yes when asked if today's NFL games are too long. a. What is the number of respondents who answered yes? b. Among the respondents, 40 answered by...

PC Solutions (Proprietary) Limited (PC Solutions) is a newly established company that sells a wide range of computer appliances. Their Head Office is situated in Stellenbosch. They have warehouses in...

Cullumber Company estimates that unit sales will be 1 0 , 6 0 0 in quarter 1 , 1 4 , 8 4 0 in quarter 2 , 1 5 , 9 0 0 in quarter 3 , and 1 9 , 0 8 0 in quarter 4 . The sales price is $ 7 0 per unit....

Discuss the advantages and disadvantages of traditional local databases and cloud-based databases