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Calculate the ending owner equity

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Reference no: EM132944200

Question - Use the following information to calculate for the year ended December 31, 2008 ending owner's equity?

Supplies $1,000 Revenues $23,000

Operating expenses 12,000 Cash 15,000

Accounts payable 9,000 Drawings 1,000

Accounts receivable 3,000 Notes payable 1,000

Beginning Capital 5,000 Equipment 6,000

Reference no: EM132944200

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