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Determine the owner equity at the end of the year

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Question - Benny's Repair Shop started the year with total assets of $100,000 and total liabilities of $80,000. During the year, the business recorded $210,000 in revenues, $110,000 in expenses, and owner drawings of $20,000. Determine the Owner's equity at the end of the year?

Reference no: EM133074490

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