Change in owner equity during year

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Reference no: EM1365283

Stahl Consulting started the year with total assets of $20,000 and total liabilities of $5,000. During the year, the business recorded $16,000 in catering revenues and $8,000 in expenses. Stahl made an additional investment of $3,000 and withdrew cash of $5,000 during the year. Owner's equity changed by what amount from the beginning of the year to the end of the year?

$3,000

$15,000

$14,000

$6,000

Reference no: EM1365283

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