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Calculate the value of owner equity at the end of february

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Question 1: Value of owner's equity at the end of January is $30,000. Calculate the value of owner's equity at the end of February, after the following transactions occurred: cash revenues $14,000, cash expenses $5,000, expenses on account payable in March $3,000, interest on loan $1,000, bought fixed assets for $20,000 cash and billed travel expenses of $2,000 to a credit card payable in March.

Reference no: EM132581396

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