At October 1 Flambo Company reported owner's equity of $68000. During October the owner made additional investments of $10000 and the company posted a net loss of $4000. If owner's equity at October 31 totals $70000 what amount of owner drawings were made during the month?

Question

Quizplus · Accepted Answer

The Answer of At October 1 Flambo Company reported owner's equity of $68000. During October the owner made additional investments of $10000 and the company posted a net loss of $4000. If owner's equity at October 31 totals $70000 what amount of owner drawings were made during the month?

At October 1 Flambo Company Reported Owner's Equity of $68000