Benito Company began the year with owner's equity of $175,000. During the year, the company recorded revenues of $250,000, expenses of $190,000, and had owner drawings of $20,000. What was Benito's owner's equity at the end of the year? $405,000. $235,000. $255,000. $215,000.

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Benito Company began the year with owner's equity of $175,000. During the year, the company recorded revenues of $250,000, expenses of $190,000, and had owner drawings of $20,000. What was Benito's owner's equity at the end of the year? $405,000. $235,000. $255,000. $215,000.

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Benito's owner's equity at the end of the year was $255,000.

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