7. Prepare a statement of owner's equity using the following information for the Can Due Shop for the month of September 2018. (Put in titles also) Cash $ 51,040 Steve due, Capital Sep. 1 197,120 Net income Sep. 2018 27,456 Owner investments 5,280 Wages payable 11.440 Supplies expense 2,640 Owner withdraws 352 Solution 999999 Statement of Owner's Equity ????????? 10. Post the following November transactions to T-accounts for Accounts Payable, Inventory, and Cash, indicating the ending balance. Assume no beginning balances in Accounts Payable and Inventory, and a beginning Cash balance of $21,220. purchased merchandise inventory on account, 89,900 B paid vendors for part of inventory purchased earlier in month, $6,500 . purchased merchandise inventory for cash, $4,750 Solution Cash Accounts Payable Inventory Credit 5. What is the normal balance for the following? Account Debit Assets Liabilities Common stock Owner's Capital Withdrawals, Owner Revenues Unearned Revenues Expenses Prepaid Rent Accounts Payable Accounts Receivable & Prepare an income statement using the following information for CK Company for the month of February 2019. (Put in titles also) Cash Steve due, Capital Sep. 1 Net income Sep. 2018 Owner investments Wages payable Supplies expense Owner withdraws $ 51,040 197,120 27,456 5,280 11.440 2,640 352 Solution 99999 999999 29999999