1. 	A.	$86,440
   	B.	$87,000
   	C.	$86,860
   	D.	$85,260

4 points

QUESTION 29

1. The Income Statement for the month of June, 2019 of Camera Obscura Enterprises contains the following information: 

    Revenues $127,000

    Expenses:

    Salaries and Wages Expense $13,000

    Rent Expense 11,000

    Advertising Expense 800

    Supplies Expense 300

    Insurance Expense 100

    Total expenses 25,200

    Net income $101,800 

   At June 1, 2019, Camera Obscura reported owners equity of $635,000. The company had no owner drawings during June. At June 30, 2019, the company will report Owners Equity of

   	A.	$635,000.
   	B.	$729,800.
   	C.	$736,800.
   	D.	$742,000.