Presented below is information related to the sole proprietorship of Kevin Johnson, attorney. Legal service revenue2010.......$350,000 Total
Question:
Presented below is information related to the sole proprietorship of Kevin Johnson, attorney.
Legal service revenue—2010.......$350,000
Total expenses—2010......... 211,000
Assets, January 1, 2010......... 85,000
Liabilities, January 1, 2010....... 62,000
Assets, December 31, 2010...... 168,000
Liabilities, December 31, 2010...... 85,000
Drawings—2010.......... ?
Instructions
Prepare the 2010 owner’s equity statement for Kevin Johnson’s legal practice.
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KEVIN JOHNSON ATTORNEY Owners Equity Statement For the ...View the full answer
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Related Book For 
Accounting Principles
ISBN: 978-0470533475
9th Edition
Authors: Jerry J. Weygandt, Paul D. Kimmel, Donald E. Kieso
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