1) Statement of Owner's Equity

Ava Marie Rowland owns and operates Road Runner Delivery Services. On January 1, 20Y3, Ava Marie Rowland, Capital had a balance of $781,000. During the year, Ava Marie made no additional investments and withdrew $19,000. For the year ended December 31, 20Y3, Road Runner Delivery Services reported a net loss of $34,500.

Prepare a statement of owner's equity for the year ended December 31, 20Y3.

Road Runner Delivery Services
Statement of Owner's Equity
For the Year Ended December 31, 20Y3
		$
	$
		$

2) Closing Entries

After the accounts have been adjusted at April 30, the end of the fiscal year, the following balances were taken from the ledger of Twin Trees Landscaping Co.:

Oscar Killingsworth, Capital	$503,900
Oscar Killingsworth, Drawing	8,200
Fees Earned	279,100
Wages Expense	221,600
Rent Expense	43,800
Supplies Expense	9,000
Miscellaneous Expense	10,200

Journalize the two entries required to close the accounts.

If an amount box does not require an entry, leave it blank.

Apr. 30
Apr. 30

3) Balance Sheet

MaxFit Weight Loss Co. offers personal weight reduction consulting services to individuals. After all the accounts have been closed on November 30, 20Y4, the end of the fiscal year, the balances of selected accounts from the ledger of MaxFit Weight Loss Co. are as follows:

Accounts Payable	$ 44,800
Accounts Receivable	138,600
Accumulated Depreciation	221,300
Cash	?
Equipment	563,000
Land	356,200
Prepaid Insurance	8,500
Prepaid Rent	24,900
Salaries Payable	10,700
Supplies	5,700
Unearned Fees	21,400
Vanessa Freeman, Capital	843,400

Prepare a classified balance sheet that includes the correct balance for Cash.

Maxfit Weight Loss Co.
Balance Sheet
November 30, 20Y4
Assets
Current assets:
		$
Total current assets			$
Property, plant, and equipment:
		$
	$
Total property, plant, and equipment
Total assets			$
Liabilities
Current liabilities:
		$
Total liabilities			$
Owner's Equity
Total liabilities and owner's equity			$