At September 1, 2011, Crews Co

Multiple Choice

At September 1, 2011, Crews Co.reported equity of ₤136,000.During the month, Crews generated revenues of ₤20,000, incurred expenses of ₤12,000, purchased equipment for ₤5,000 and paid dividends of ₤2,000.What is the amount of equity at September 30, 2011?

A) ₤136,000
B) ₤8,000
C) ₤137,000
D) ₤142,000