What is the amount of net income reported on the income statement?


Question Description:

30

What is the amount of net income reported on the income statement? 1 answer below ยป Effects of borrowing East Asia Company was started in 2011 when it issued a note to borrow $6,200 cash. Required a. Write an accounting equation, and record the effects of the borrowing transaction under the appropriate general ledger account headings. b. What is the amount of net income reported on the income statement? c. Where would the note issue appear on the statement of cash flows? Jul 24 2014 07:51 AM

Answer

30