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A company ends its first year of operation with revenues of $6,000, expense of $3,500, assets of $7,500, owner equity of $5,000 and drawings of
A company ends its first year of operation with revenues of $6,000, expense of $3,500, assets of $7,500, owner equity of $5,000 and drawings of $500. What are the liabilities of the company is: $3500 $1500 $500 $2000
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