Determine the expenses for the current period based on the following data: $\begin{array}{ll}
\text { Net income for the current period } &\$ 55,000 \
\text { Ending owner's equity } & 85,000 \
\text { Beginning owner's equity } & 49,000 \
\text { Owner withdrawals } & 19,000 \
\text { Revenue for the current period } & 96,000
\end{array}$

Question

Quizplus · Accepted Answer

The Answer of Determine the expenses for the current period based on the following data: $\begin{array}{ll}
\text { Net income for the current period } &\$ 55,000 \
\text { Ending owner's equity } & 85,000 \
\text { Beginning owner's equity } & 49,000 \
\text { Owner withdrawals } & 19,000 \
\text { Revenue for the current period } & 96,000
\end{array}$

Determine the Expenses for the Current Period Based on the Following