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College Accounting, Chapters 1-27

23rd Edition
HEINTZ + 1 other
ISBN: 9781337794756

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BuyFindarrow_forward

College Accounting, Chapters 1-27

23rd Edition
HEINTZ + 1 other
ISBN: 9781337794756
Textbook Problem

STATEMENT OF OWNER’S EQUITY The capital account for Minta’s Editorial Services, including an additional investment, and a partial work sheet are shown below.

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REQUIRED

Prepare a statement of owner’s equity.

To determine

Prepare a statement of owner’s equity of M Editorial Services for the month ended January 31, 20--.

Explanation

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 income from income statement is added to and a drawing is deducted from beginning owner’s equity to arrive at the result, ending owner’s equity.

Prepare a statement of owner’s equity of M Editorial Services for the month ended January 31, 20--.

M Editorial Services
Statement of Owner’s Equity
For Month Ended Jan...

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