If: $\begin{array}{l}
\text { assets } &=\$20000\
\text { liabilities } &=\$11500\
\text { income }&=\$36900 \
\text { equity at start }&=\$7400\
\end{array}$

The amount of expense for the period was:

Question

If: $\begin{array}{l}
\text { assets } &=\$20000\
\text { liabilities } &=\$11500\
\text { income }&=\$36900 \
\text { equity at start }&=\$7400\
\end{array}$

The amount of expense for the period was:

Quizplus · Accepted Answer

Explanation:Assets = Liabilities + Equity20000 = 11500 + EquityEquity = 8500Equity at start + Income - Expense = Equity at end7400 + 36900 - Expense = 8500Expense = 35800

If The Amount of Expense for the Period Was: A)$35 800

If The Amount of Expense for the Period Was:
A)$35 800