Answer:
$32,800
Explanation:
The computation of the ending balance in the owner capital account is shown below:
= Net income reported + total investment for the first month
= $27,400 + $5,400
= $32,800
We simply added the net income and the total investment reported during the month so that the ending balance in the owner capital account could arrive
One. Keeping a single font throughout the entire document makes it easier to read and keeps things consistent and professional. If you need to emphasize different elements consider using bold, italic, and underline features of the <u>same </u>font.
Answer:
1. Aunt Sandy's Jammin' Jellies (the business) - <u>Entrepreneurs </u>
Entrepreneurship refers to the process of bringing together the various other factors of production to be able to produce goods and services. Aunt Sandy's as a business is an entrepreneur as it brought together factors of production to make Jellies.
2. Anika, a server at Sonic Drive-In - <u>Labor</u>
Labor refers to the actual people who contribute to the business. Anika is a server at the Drive- In and so works there contributing to the success of the business so she is Labor.
3. Your favorite bartender - <u>Labor</u>
Like Anika above, your favorite bartender is also a person contributing to the success of the bar so is considered labor.
Answer:
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