Statement of Owners Equity Prepare a statement of owner\'s equity for the year.
ID: 2459714 • Letter: S
Question
Statement of Owners Equity
Prepare a statement of owner's equity for the year.
Well Systems Co.
Statement of Owner's Equity
For the Year Ended October 31, 2014
Wendy Mc Gee, Capital November 1, 2013 &__________
Net loss $ __________
Less Withdrawls $ _________
Increases in owners equitiy $ __________
Wendy McGee, capital October 31, 2014 $___________-
Prepare a statement of owner's equity for the year.
Well Systems Co.
Statement of Owner's Equity
For the Year Ended October 31, 2014
Wendy Mc Gee, Capital November 1, 2013 &__________
Net loss $ __________
Less Withdrawls $ _________
Increases in owners equitiy $ __________
Wendy McGee, capital October 31, 2014 $___________-
Explanation / Answer
Well Systems Company Owners Equity Statement As On Oct 31 2014. Details Amt $ Opening Babalce Capital Wendy Mcgee 475,000 Add Net Income 2014 90,000 Less Drawings 2014. (48,000) Owners Equity Balance Wendy Mcgee Dec 31.2014. 517,000