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Please help, I have 1 shot at this. The following items are taken from the financial statements of the Oriole Service for the year ending
Please help, I have 1 shot at this.
The following items are taken from the financial statements of the Oriole Service for the year ending December 31, 2020:
Accounts payable | $ 17600 |
Accounts receivable | 11200 |
Accumulated depreciation - equipment | 28500 |
Advertising expense | 21400 |
Cash | 14800 |
Owner's capital (1/1/20) | 42300 |
Owner's drawings | 14100 |
Depreciation expense | 12200 |
Insurance expense | 3100 |
Note payable, due 6/30/21 | 71100 |
Prepaid insurance (12-month policy) | 5800 |
Rent expense | 16800 |
Salaries and wages expense | 31600 |
Service revenue | 133400 |
Supplies | 4100 |
Supplies expense | 5900 |
Equipment | 230000 |
What is the balance that would be reported for owner's equity at December 31, 2020?
$93300
$70600
$84700
$42300
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