During 2016 Its First Year of Operations Aida's Bakery Had

question 42

Multiple Choice

During 2016 its first year of operations Aida's Bakery had revenues of $65000 and expenses of $35000. The business had owner's drawings of $22000. What is the amount of owner's equity at December 31 2016?

• A) $0
• B) $8000 credit
• C) $30000 credit
• D) $22000 debit