An enterprise reported equity of $183,400 on January 1, 2009 and $169,700 on December 31, 2009. During the year net income was $10,600. The proprietor reported that drawings for the year consisted of cash plus merchandise valued at $2,800. How much was the cash drawings?

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Originally Posted by cassy22

An enterprise reported equity of $183,400 on January 1, 2009 and $169,700 on December 31, 2009. During the year net income was $10,600. The proprietor reported that drawings for the year consisted of cash plus merchandise valued at $2,800. How much was the cash drawings?

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