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Presented below is selected information related to for Hippo Company to prepare Owner's Equity statement for 2020. Supplies $ 5,000 , revenues $ 25,000 Salaries

Presented below is selected information related to for Hippo Company to prepare Owner's Equity statement for 2020. Supplies $ 5,000 , revenues $ 25,000 Salaries and Wages expenses $ 28,000 Cash $ 23,000 . Drawings $ 900 Accounts receivable $ 3,000 , capital on January 1 $ 7,800 , Investment $ 8,000 . Determine the owner's equity on December 31 , 2020

A. Owner's Capital on December 31,2020=\$17,900 B. Owner's Capital on December 31,2020=\$11,900 C. Owner's Capital on December 31,2020=\$11,900 D. Owner's Capital on December 31,2020=\$119,00

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esented below is selected information related to for Hippo Company to prepare Owner's Equity statement for 2020. Supplies $ 5.000, revenues $25,000, Salaries and Wages expenses $28,000. Cash $23,000, Drawings $900, counts receivable $3,000, capital on January 1 57,800, Investment $8,000. Determine the owner's equity on December 31, 2020 A. Owner's Capital on December 31, 2020 = $17.900 B. Owner's Capital on December 31, 2020 = $11,900 C. Owner's Capital on December 31, 2020 = $11.900 D. Owner's Capital on December 31, 2020 = $119,00

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