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Kirby Company began 2017 with $77,000 of assets and $43,000 of liabilities. During 2017, Kirby's assets increased by $15,000 and liabilities decreased by $12,000. Expenses
Kirby Company began 2017 with $77,000 of assets and $43,000 of liabilities. During 2017, Kirby's assets increased by $15,000 and liabilities decreased by $12,000. Expenses totaled $30,000 and the owner withdrew $8,000 during 2017. 1. Compute Kirby's revenues during 2017: 2. Compute Kirby's owner's equity on December 31, 2017: /10 points Score
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