Ask Question
22 December, 10:08

Alicia Keyes Company began the year with owner's equity of $280,000. During the year, the company recorded revenues of $375,000, expenses of $265,000, and had owner drawings of $30,000. What was Alicia Keyes' owner's equity at the end of the year?

+5
Answers (1)
  1. 22 December, 13:14
    0
    Owner's equity = starting equity + revenues - expenses - withdrawals

    $280,000 + $375,000 - $265,000 - $30,000

    Owner's equity is $360,000.
Know the Answer?
Not Sure About the Answer?
Find an answer to your question ✅ “Alicia Keyes Company began the year with owner's equity of $280,000. During the year, the company recorded revenues of $375,000, expenses ...” in 📘 Business if you're in doubt about the correctness of the answers or there's no answer, then try to use the smart search and find answers to the similar questions.
Search for Other Answers