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Question 18: Here's some information about Barry's Beauty Shop: $147,000 At the beginning of the year, the assets were $40,000 and the liabilities were $15,000.
Question 18: Here's some information about Barry's Beauty Shop: $147,000 At the beginning of the year, the assets were $40,000 and the liabilities were $15,000. During the year, revenues were $116,000, expenses were $63,000 and Barry withdrevw $18,000 for personal use. At the end of the year, total assets were $87,000. What were the liabilities at the end of the year? $27,000 $45,000 Cannot be computed
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