Determine the expenses for September based on the following data: September net income ............................................................. $10,000 Beginning owners

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Determine the expenses for September based on the following data:

September net income ............................................................. $10,000

Beginning owner’s equity .......................................................   $25,000

Owner’s withdrawals ..............................................................     $ 5,000

Ending owner’s equity ............................................................    $30,000

September revenue ..................................................................  $42,000

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Horngrens Accounting Volume 1

ISBN: 9780135359709

11th Canadian Edition

Authors: Tracie Miller Nobles, Brenda Mattison, Ella Mae Matsumura, Carol Meissner, JoAnn Johnston, Peter Norwood

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