Try another version of this question Your company started the year with $12,500 in owner's equity and $5,500 in liabilities. During the year, the company earned $8,000 in revenues and incurred $1,500 in wages and $500 in rent. In addition, you took out $1,500. Liabilities at the end of the year were $4,500. What is the ending balance of the asset accounts? Box 1: Select the best answer
$21,500