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At September 1, 2020, Hotel Suites Limited reported owners capital of 147,000. During the month, Hotel Suites generated revenues of 48,000, incurred expenses of 26,000,
At September 1, 2020, Hotel Suites Limited reported owners capital of 147,000. During the month, Hotel Suites generated revenues of 48,000, incurred expenses of 26,000, purchased equipment for 5,000 and withdrew cash of 3,000. What is the amount of owners capital at September 30, 2020? a. 161,000 b. 166,000 c. 169,000 d. 171,000
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Cost Accounting Planning And Control
Authors: Adolph Matz, Milton F. Usry
10th Edition
0538809256, 978-0538809252
