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Statement of Owner's Equity; Net LossSelected accounts from the ledger of Restoration Arts for the fiscal year ended April 30, 2019, are as follows:Doug Stone, CapitalDoug Stone, DrawingApril 305,200May 1 (2018)309,100July 311,300April 305,200April 3042,000Oct. 311,300Jan. 311,300April 301,300Prepare a statement of owner's equity for the year.

Question

Statement of Owner's Equity; Net Loss
Selected accounts from the ledger of Restoration Arts for the fiscal year ended April 30, 2019, are as follows:
Doug Stone, Capital

Doug Stone, Drawing
April 30
5,200
May 1 (2018)
309,100

July 31
1,300
April 30
5,200
April 30
42,000



Oct. 31
1,300







Jan. 31
1,300







April 30
1,300


Prepare a statement of owner's equity for the year.

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Step 1

Statement of owners’ equity: This statement reports the beginning owner’s equity and all the changes which led to ending owners’ equity. Additional capital, net i...

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