Swamped with your writing assignments? Take the weight off your shoulder!
4) As of January 1, L. Moore, Capital had a credit baalnce of $24,100. During the year, withdrawals totalled $2,500 and the business had a net income of $10,500. Calculate the balance of S. Lawrence, Capital as of the end of the year.
5) Why do we need the Accumulated Depreciation account?