Hannah Roberts owns and operates Hannah's Pool Service Company. On January 1, Hannah Roberts, Capital had a balance of $305,530. During the year, Hannah invested an additional $21,670 and withdrew $38,820. For the year ended December 31, Hannah's Pool Service Company reported a net income of $67,510. Prepare a statement of owner's equity for the year ended December 31. Hannah's Pool Service Company Statement of Owner's Equity For the Year Ended December 31 $ $ $

$355,890

Explanation:

Hannah's Pool Service Company Statement of Owner's Equity For the Year Ended December 31

Details                                                     Amount ($)

Beginning equity                                      305,530

Additional capital                                         21,670

Net income                                                   67,510

Withdrawal                                                 (38,820)  

Ending equity                                           355,890  

Therefore, the ending Owner's Equity for the Year Ended December 31 is $355,890.

answer; only identify and interpret trends in the marketplace;

the answer is "b.the increased supply will create a surplus. "

the essential thought behind price controls is straightforward - utilize the power of law to modify the equilibrium of a market. for instance, the legislature may choose that the steel business needs to survive, and in this way pass a law to set a value floor on steel. this implies all steel sold must offer at or over the floor value, which must be set over the equilibrium cost for it to have any impact. the switch could likewise happen - the administration can choose that steel is excessively costly and set a value roof underneath its equilibrium value, with the goal that all steel must be sold at or beneath that ceiling.