Question
Als Automotive started the year with total assets of $250,000 and total liabilities of $200,000. During the year the business recorded $225,000 in expenses, and
Als Automotive started the year with total assets of $250,000 and total liabilities of $200,000. During the year the business recorded $225,000 in expenses, and had drawings of $35,000. Owner's equity at the end of the year was $110,000. What did the company record for revenue for the year?
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Wiley CPAexcel Exam Review Focus Notes Auditing And Attestation 2022
Authors: Wiley
1st Edition
111984858X, 978-1119848585
