Question

susan huang began the practise of law october 1, 2020 with an initial investment

Answer 1

Answer:

Susan Huang began the practice of law October 1, 2020, with an initial investment of $20,300 in cash. She made no withdrawals during the month. After completing the first month of practice, the financial statements were prepared by Ryan Player, the secretary/bookkeeper Ms. Huang had hired. Ms. Huang almost burst out laughing when she saw them. She had completed a course in legal accounting in law school and knew the statements prepared by Player left much to be desired. Consequently, she asked you to revise the statements