Preparing a statement of owner's equity and a balance sheetBALANCE SHEETACCOUNT TITLEDEBITCREDIT26500020000250001300035 000|29000Cash| Petty CashAccounts Receivable-Sunshine CaféAccounts Receivable-Dependable CleanersSuppliesPrepaid Insurance- Accounts Payable-Computer Supplies Co.Accounts Payable-Westside SuppliesEva Nelsen, Capital10 Eva Nelsen, Drawing34000 -1200039500015000010537000 44|1000 2096000513|기0100| 5|3|기010022021 Net Income22On your own 7-2Preparing a statement of owner's equity and a balance sheetA partial work sheet of A-1 Computer Repair for the month endedOctober 31 of the current year is given in the Working Papers. Alsogiven is a blank form for completing a balance sheet. Work this problemindependently.1. Prepare a statement of owner's equity for the month ended October 31 ofthe current year.2. Prepare a balance sheet for October 31 of the current year.

The shareholders equity details about the capital and drawings of owners. The balance sheet details…

BALANCE SHEET ACCOUNT TITLE DEBIT CREDIT Cash 265 olo0 Petty Cash Accounts Receivable-Sunshine Café Accounts Receivable–Dependable Cleaners 20000 25000 13000 35 000 29000 Supplies Prepaid Insurance Accounts Payable-Computer Supplies Co. Accounts Payable–Westside Supplies Eva Nelsen, Capital Eva Nelsen, Drawing 34000 12000. 395000. 150000 537000 44|1000 96|000 5|3|기0100| 5|3|기010012 Net Income

BALANCE SHEET ACCOUNT TITLE DEBIT CREDIT Cash 265 olo0 Petty Cash Accounts Receivable-Sunshine Café Accounts Receivable–Dependable Cleaners 20000 25000 13000 35 000 29000 Supplies Prepaid Insurance Accounts Payable-Computer Supplies Co. Accounts Payable–Westside Supplies Eva Nelsen, Capital Eva Nelsen, Drawing 34000 12000. 395000. 150000 537000 44|1000 96|000 5|3|기0100| 5|3|기010012 Net Income

Century 21 Accounting General Journal

11th Edition

ISBN:9781337680059

Author:Gilbertson

Publisher:Gilbertson

Chapter2: Analyzing Transactions Into Debit And Credit Parts

Section2.1: Using T Accounts

Problem 1OYO

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