Solved: If owners equity at october 31 totals 80000 what amount of, Accounting Basics

If owners equity at october 31 totals 80000 what amount of

Question - At October 1, Flambo Company reported owner's equity of $70,000. During October, no additional investments were made and the company earned net income of $18,000. If owner's equity at October 31 totals $80,000, what amount of owner drawings were made during the month?

$8,000

$26,000

$10,000

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Accounting Basics: If owners equity at october 31 totals 80000 what amount of

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