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STATEMENT OF OWNER’S EQUITY REPORTING NET INCOME Betsy Ray started an accounting service on June 1, 20--, by investing $20,000. Her net income for the month was $10,000, and she withdrew $8,000. Prepare a statement of owner’s equity for the month of June. STATE MENT OF OWNER ’S EQUITY REPORTING NET LO SS Based on the information provided in Exercise 2-6A, prepare a statement of owner’s equity assuming Ray had a net loss of $3,000.

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College Accounting, Chapters 1-27

23rd Edition
HEINTZ + 1 other
Publisher: Cengage Learning,
ISBN: 9781337794756
BuyFind

College Accounting, Chapters 1-27

23rd Edition
HEINTZ + 1 other
Publisher: Cengage Learning,
ISBN: 9781337794756

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Chapter
Section
Chapter 2, Problem 7SEA
Textbook Problem

STATEMENT OF OWNER’S EQUITY REPORTING NET INCOME Betsy Ray started an accounting service on June 1, 20--, by investing $20,000. Her net income for the month was $10,000, and she withdrew $8,000. Prepare a statement of owner’s equity for the month of June.

STATE MENT OF OWNER ’S EQUITY REPORTING NET LO SS Based on the information provided in Exercise 2-6A, prepare a statement of owner’s equity assuming Ray had a net loss of $3,000.

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Chapter 2 Solutions

College Accounting, Chapters 1-27
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