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Anni [7]
2 years ago
12

Statement Of Owner's Equity Jay Pembroke started a business in April. Prepare a Statement of Owner's Equity using the following

balances for April transactions. Cash $12,165 Accounts Receivable 1,811 Office Supplies 4,747 Prepaid Insurance 1,492 Accounts Payable 346 Jay Pembroke, Capital 17,536 Jay Pembroke, Drawing 100 Service Fees 3,033 Rent Expense 600 You will need to calculate the net income for April.
Business
1 answer:
Dovator [93]2 years ago
3 0

Answer:

$2,433

Explanation:

Net Income = Sales - Expenses

where,

Sales = $3,033

and

Expenses = $600

therefore,

Net Income = $3,033 - $600 = $2,433

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4 0
3 years ago
At December 31, 2022, Pronghorn Corporation reported the following plant assets.
Vesnalui [34]

Answer and Explanation:

The preparation of the plant assets is shown below:-

                                    Plant Assets

                               Partial Balance Sheet

                                 December 31, 2013

Land                                                                        $4,897,200

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Equipment                                                               $46,406,800  

Less : Accumulated Depreciation  $9,182,250     $37,224,550

Total Plant Assets                                                    $54,847,200

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7 0
3 years ago
According to _____________, as an entity separate and distinct from its owners, the corporation acts under its own name rather t
mario62 [17]

Answer:

According to _____________, as an entity separate and distinct from its owners, the corporation acts under its own name rather than in the name of its stockholders.

C) Separate legal existence

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3 0
3 years ago
suppose d'mark wants to dave $40.00 for a car that is 4,000 and there is 26 two week pay periods in a year how long would it tak
IRISSAK [1]
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5 0
3 years ago
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hen Jayden, a salesman at Srastis, a company that sells home appliances, did not achieve his sales targets for three consecutive
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