Multiple Choice
During 2010, its first year of operations, Yaspo's Bakery had revenues of $60,000 and expenses of $33,000. The business had owner drawings of $18,000. What is the amount of owner's equity at December 31, 2010?
A) $0
B) $18,000 debit
C) $9,000 credit
D) $27,000 credit
Correct Answer:
Verified
Correct Answer:
Verified
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