Financial information related to the proprietorship of Burst Interiors for March and April 2008 is…


Question Description:

20

Financial information related to the proprietorship of Burst Interiors for March and April 2008 is… 1 answer below » Financial information related to the proprietorship of Burst Interiors for March and April 2008 is as follows: March 31, 2008 April 30, 2008 Accounts payable $18,480 $ 19,920 Accounts receivable 40,800 46,950 Gary Deming, capital ? ? Cash 72,000 122,400 Supplies 3,600 3,000 a. Prepare balance sheets for Burst Interiors as of March 31 and as of April 30, 2008. b. Determine the amount of net income for April, assuming that the owner made no additional investments or withdrawals during the month. View complete question » Financial information related to the proprietorship of Burst Interiors for March and April 2008 is as follows: March 31, 2008 April 30, 2008 Accounts payable $18,480 $ 19,920 Accounts receivable 40,800 46,950 Gary Deming, capital ? ? Cash 72,000 122,400 Supplies 3,600 3,000 a. Prepare balance sheets for Burst Interiors as of March 31 and as of April 30, 2008. b. Determine the amount of net income for April, assuming that the owner made no additional investments or withdrawals during the month. c. Determine the amount of net income for April, assuming that the owner made no additional investments but withdrew $15,000 during the month. View less » Jul 08 2014 12:38 PM

Answer

20