Solved: During the year additional capital of 40000 was contributed, Accounting Basics

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During the year additional capital of 40000 was contributed

The balance sheet of I. Turner Sole trader showed:

30 June

2013 2014

Capital I. Turner $150,000 $190,000

The profit for the year ending 30 June 2014 was $60,000. During the year additional capital of $40,000 was contributed in cash. Drawing in cash were made weekly. The amount of drawings for the year is?

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Accounting Basics: During the year additional capital of 40000 was contributed

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