Multiple Choice
At September 1, 2010, Crews Co. reported owner's equity of $136,000. During the month, Crews generated revenues of $20,000, incurred expenses of $12,000, purchased equipment for $5,000 and withdrew cash of $2,000. What is the amount of owner's equity at September 30, 2010?
A) $136,000
B) $8,000
C) $137,000
D) $142,000
Correct Answer:
Verified
Correct Answer:
Verified
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