23 questions

selected accounts from the ledger of Restoration Arts for the fiscal year ended April 30, 2019, are as follows: April 30 April 30 Doug Stone, Capital 4,800 May 1 (2018) 38,800 Doug Stone, Drawing 1,200April 30 1,200 285,600 July 31 Oct. 31 Jan. 31 1,200 1,200 April 30 Prepare a statement of owner's equity for the year. 3. Mark Brock Services Co. Balance Sheet For the Year Ended December 31 Assets Current assets: Liabilities Current liabilities: Accounts receivable Accum depr.-building Accum-depr.-equipment Net income $ 7,170 7,500 2,590 Cash Accounts payable Supplies Prepaid insurance Land $10,000 12,525 7,340 11,500 800 24,000 Total current assets $ 42,060 Total liabilities $ 41,365 Owner's Equity Property, plant, and equipment Building Equipment Total property, Wages payable Brock Morton, capital Total owner's equity $ 1,500 88,645 $43,700 29,250 90.145 72,950 plant, and equipment Total assets $131,510 Total liabilities and owner's equity $131.510 (a) prepare a corrected balance sheet