Question: The controller for Tires and More, Inc. has recorded the following transactions during the month: the owner established the business with a $20,000 investment

The controller for Tires and More, Inc. has recorded the following transactions during the month: the owner established the business with a $20,000 investment on the 1st of the month; the company recorded $36,000 of revenue for tires and services provided during the month; and expenses of $22,000 were recorded for the month. What is the balance ofOwner's Equity at the end of the month, and is the balance a debit or a credit? $34,000 debit. $34,000 credit. $20,000 credit. $6,000 debit.

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