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What is the balance that would be reported for owner equity

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Reference no: EM132489471

Rent expense                       16,000

Salaries and wages expense     32,000

Service revenue                    135,000

Supplies 5,000

Supplies expense                     6,000

Equipment                             210,000

Question 1: What is the balance that would be reported for owner's equity at December 31, 2016?

a. $159,000

b. $148,000

c. $137,000

d. $104,000

Reference no: EM132489471

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