Question: Please solve it ase John Mason operates a consulting business, Mason Enterprises, as a sole proprietorship. He had to transfer S100,000 of stocks and securities
Please solve it
ase John Mason operates a consulting business, Mason Enterprises, as a sole proprietorship. He had to transfer S100,000 of stocks and securities into Mason Enterprises's name to show financial viability for the business. During the current y the business had the following income and expenses from operations: Consulting revenue 125,000 Travel expenses 40,000 Transportation 3,000 7,000 Advertising 3,000 Office expense 1,000 Telephone Dividend income 5,000 2,000 Interest income
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