Bandu Company's accounts with the increases or decreases that occurred during this year are as follows: Except for net income,an investment of $4,000,and a withdrawal of $12,000,no other items affected the capital account during the year.Using the balance sheet equation,calculate net income for this year.

Question

Bandu Company's accounts with the increases or decreases that occurred during this year are as follows:  Except for net income,an investment of $4,000,and a withdrawal of $12,000,no other items affected the capital account during the year.Using the balance sheet equation,calculate net income for this year.

Quizplus · Accepted Answer

The Answer of Bandu Company's accounts with the increases or decreases that occurred during this year are as follows:  Except for net income,an investment of $4,000,and a withdrawal of $12,000,no other items affected the capital account during the year.Using the balance sheet equation,calculate net income for this year.

Bandu Company's Accounts with the Increases or Decreases That Occurred