What is the amount in owner''s equity on may

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Question - On May 1, 2013, Padilla Inc. reported owner's equity of $136,000. During the month, Padilla generated revenues of $20,000 and incurred expenses of $12,000, purchased equipment worth $5,000, and withdrew cash of $2,000. What is the amount in owner's equity on May 31, 2013?

$136,000

$8,000

$137,000

$142,000

Reference no: EM131670879

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