What was the company revenue for the year? Martinez Enterprises began the year withowner's equity of $18,000. During the year,Martinez received additional ownerinvestments of $25,000, recorded expenses of$72,000, and had owner drawings of $5,000. IfMartinez's ending owner's equity was $52,000,what was the company's revenue for the year?

Step 1: Calculation of Net IncomeEnding Owner's Equity = Beginning Owner's Equity + Owner…

Answered: Martinez Enterprises began the year…

PAYROLL ACCT.,2019 ED.(LL)-TEXT

19th Edition

ISBN:9781337619783

Author:BIEG

Publisher:BIEG

Chapter5: Unemployment Compensation Taxes

Section: Chapter Questions

Problem 5PA

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Huron has provided the following year-end balances:· Cash, $25,000· Long-term Investments, $7,900· Accounts receivable, $9,300· Property, plant, and equipment, $98,700· Prepaid insurance, $3,600· Accumulated depreciation, $10,000· Inventory, $37,000· Retained earnings, $12,600How much are Huron's current assets? Group of answer choices a)$74,900. B)$163,600. c)$87,500.D)$95,400

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