Based on Problem 2-9B, prepare a statement of owners equity for David Segal for the month of

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Based on Problem 2-9B, prepare a statement of owner’s equity for David Segal for the month of October 20--.

Data From Problem 2-9B:

started a business. During the first month (October 20--), the following transactions occurred.
  (a)  Invested cash in the business, $15,000.
  (b)  Bought office supplies for $3,800: $1,800 in cash and $2,000 on account.
  (c)  Paid one-year insurance premium, $1,000.
  (d)  Earned revenues amounting to $2,700: $1,700 in cash and $1,000 on account.
  (e)  Paid cash on account to the company that supplied the office supplies in transaction (b), $1,800.
  (f)  Paid office rent for the month, $650.
  (g)  Withdrew cash for personal use, $150.

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College Accounting Chapters 1-15

ISBN: 12

19th Edition

Authors: James A Heintz, Robert W Parry

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