00:01
We need to determine the balance for ping chung capital on april.
00:05
So the capital on april 1, 2011 is equal to ping chung capital on april 1 wherein we subtract ping chung withdrawals for april.
00:52
So, ping chung capital on april 1 we have is $91 ,500 and ping chung withdrawal for april amount we have is $7 ,500.
01:30
So, capital is then obtained as $91 ,500 wherein we subtract $7 ,500.
01:41
The value then is obtained as $84 ,000.
01:48
Next, writing the income statement fees on $1 ,25 ,200 we less maintenance expense which is of the value $21 ,400.
02:32
We then less advertising expense which is of the value $17 ,060 further plus salaries expenses which is of the value $52 ,800.
03:08
So, net income then is $33 ,940.
03:21
Then statement of owner's equity we have is beginning capital on 1st of april is $84 ,000.
03:47
We add net income which is $33 ,940 to which we subtract or less the withdrawals of the value $7 ,500.
04:12
So, ending capital then is $1 ,10 ,440...
