Answered: Martinez Enterprises began the year… | bartleby

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

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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Question

What was company's revenue for the year?

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

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