Multiple Choice
During 2016 its first year of operations Aida's Bakery had revenues of $65000 and expenses of $35000. The business had owner's drawings of $22000. What is the amount of owner's equity at December 31 2016?
A) $0
B) $8000 credit
C) $30000 credit
D) $22000 debit
Correct Answer:
Verified
Correct Answer:
Verified
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