Answer:
$8000
Explanation:
The net income increases the capital balance while drawings reduces the balance.
The movement in the capital balance for the year is so determined as the net movement in net income and drawings.
As such,
Beginning capital balance + Net income - drawings = closing capital balance
$34,000 + $29,000 - drawings = $55,000
Drawings = $34,000 + $29,000 - $55,000
= $8000
Amount of drawings was made was $8000
