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Business, 12.02.2022 06:40 gabriellaalvarez84

Grapefruit Services started the year with total assets of $80,000 and total liabilities of $40,000. The company is a sole proprietorship. The revenues and the expenses for the year amounted to $120,000 and $90,000, respectively. During the year, there were no new capital contributions and the owner withdrew $55,000. What is the amount of owner's equity at the end of the year

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Grapefruit Services started the year with total assets of $80,000 and total liabilities of $40,000....
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