On January 1, 2014, Brad Thomas invested $30,000 in Thomas Repairs. During 2014, Brad withdrew $17,000 for personal use.

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answerhappygod
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On January 1, 2014, Brad Thomas invested $30,000 in Thomas Repairs. During 2014, Brad withdrew $17,000 for personal use.

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On January 1, 2014, Brad Thomas invested $30,000 in ThomasRepairs. During 2014, Brad withdrew $17,000 for personal use.Thomas Repairs reports the following balances on December 31,2014:Accounts receivable $ 9,000Accounts payable 4,200Servicerevenue 25,550Land 4,000Rent expense 4,500Note payable3,800Supplies 900Brad Thomas, Capital, Jan. 1, 2014 0Salary expense9,650Cash 18,500Brad Thomas, Withdrawals 17,000 Prepare an incomestatement for the year ended December 31, 2014.
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