Use the information in Problem 1-3B to prepare the statement of owners equity for Audi Company for
Question:
Use the information in Problem 1-3B to prepare the statement of owner’s equity for Audi Company for the current year ended December 31.
Data From Problem 1-3B
As of December 31 of the current year, Audi Company’s records show the following.
Transcribed Image Text:
Cash $2,000 Audi, Withdrawals. $2,600 Accounts receivable. 1,800 Consulting revenue 6,600 Supplies. 1,200 Rental revenue .. 4,400 Equipment.. 1,000 Salaries expense 4,000 Accounts payable. Audi, Capital, Dec. 31, prior year. 3,600 Rent expense 2,400 1,900 Selling and administrative expenses. 1,600 Audi, Capital, Dec. 31, current year 2,400
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