A summary of selected ledger accounts appear below for F. Yanko for the current calendar year. $$\begin{array}{l}
\text { F. Yanko, Capital }\
\begin{array} { l | l r }
\hline 12 / 316,500 & 1 / 1 & 27,000 \
& 12 / 31 & 4,250
\end{array}
\end{array}$$ $$\begin{array}{l}
\text { F. Yanko, Withdrawals }\
\begin{array} { l c | l l }
\hline 3 / 31 & 2,000 & & \
10 / 31 & 3,00 & 12 / 31 & 6,500 \
12 / 22 & 1,500 & &
\end{array}
\end{array}$$ $$\begin{array}{l}
\text { Income Summary }\
\begin{array} { l l | l l }
\hline 12 / 31 & 12,750 & 12 / 31 & 17,000 \
12 / 31 & 4,250 & &
\end{array}
\end{array}$$ Answer the following questions.
1. What was the total amount of withdrawals?
2. What was the net income?
3. What was the total revenue?
4. What were the total expenses?

Question

A summary of selected ledger accounts appear below for F. Yanko for the current calendar year. $$\begin{array}{l}
\text { F. Yanko, Capital }\
\begin{array} { l | l r } 
\hline 12 / 316,500 & 1 / 1 & 27,000 \
& 12 / 31 & 4,250
\end{array}
\end{array}$$ $$\begin{array}{l}
\text { F. Yanko, Withdrawals }\
\begin{array} { l c | l l } 
\hline 3 / 31 & 2,000 & & \
10 / 31 & 3,00 & 12 / 31 & 6,500 \
12 / 22 & 1,500 & &
\end{array}
\end{array}$$ $$\begin{array}{l}
\text { Income Summary }\
\begin{array} { l l | l l } 
\hline 12 / 31 & 12,750 & 12 / 31 & 17,000 \
12 / 31 & 4,250 & &
\end{array}
\end{array}$$ Answer the following questions.
1. What was the total amount of withdrawals?
2. What was the net income?
3. What was the total revenue?
4. What were the total expenses?

Quizplus · Accepted Answer

The Answer of A summary of selected ledger accounts appear below for F. Yanko for the current calendar year. $$\begin{array}{l}
\text { F. Yanko, Capital }\
\begin{array} { l | l r } 
\hline 12 / 316,500 & 1 / 1 & 27,000 \
& 12 / 31 & 4,250
\end{array}
\end{array}$$ $$\begin{array}{l}
\text { F. Yanko, Withdrawals }\
\begin{array} { l c | l l } 
\hline 3 / 31 & 2,000 & & \
10 / 31 & 3,00 & 12 / 31 & 6,500 \
12 / 22 & 1,500 & &
\end{array}
\end{array}$$ $$\begin{array}{l}
\text { Income Summary }\
\begin{array} { l l | l l } 
\hline 12 / 31 & 12,750 & 12 / 31 & 17,000 \
12 / 31 & 4,250 & &
\end{array}
\end{array}$$ Answer the following questions.
1. What was the total amount of withdrawals?
2. What was the net income?
3. What was the total revenue?
4. What were the total expenses?

A Summary of Selected Ledger Accounts Appear Below for F