Question
On January 1, 2012, Lee Inc. reported owner's equity of $130,000.During the year they experienced a net loss of $30,000 and owner's drawings of $20,000.On
On January 1, 2012, Lee Inc. reported owner's equity of $130,000.During the year they experienced a net loss of $30,000 and owner's drawings of $20,000.On December 31, 2012, the amount in owner's equity is
$130,000
$140,000
$180,000
$80,000
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Survey Of Accounting
Authors: Carl S. Warren, Amanda Farmer, Jefferson P. Jones
10th Edition
0357900294, 9780357900291
