Use the following information for questions 138-139.
Saira's Service Shop started the year with total assets of $100,000 and total liabilities of $80,000. During the year, the business recorded $210,000 in revenues, $110,000 in expenses, and owner drawings of $20,000.
-Owner's equity at the end of the year was
A) $120,000.
B) $100,000.
C) $80,000.
D) $90,000.

Question

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The Answer of Use the following information for questions 138-139.
Saira's Service Shop started the year with total assets of $100,000 and total liabilities of $80,000. During the year, the business recorded $210,000 in revenues, $110,000 in expenses, and owner drawings of $20,000.
-Owner's equity at the end of the year was
A) $120,000.
B) $100,000.
C) $80,000.
D) $90,000.

Use the Following Information for Questions 138-139