8. If you completed the end-of-period work sheet in Part 1, use the adjusted trial balance figures to prepare a statement of owners equity for the month ended July 31, 20Y9. If you didnt complete the end-of-period work sheet in Part 1, use the ledger (the Excel spreadsheet) to prepare a statement of owners equity for the month ended July 31, 20Y9. Be sure to complete the statement heading. Refer to the list of Labels and Amount Descriptions for the exact wording of the answer choices for text entries. For those boxes in which you must enter subtracted or negative numbers use a minus sign. If the account balance is zero (0), enter a zero (0).

Arborvite Consulting

ADJUSTED TRIAL BALANCE

July 31, 20Y9

	ACCOUNT TITLE	DEBIT	CREDIT
1	Cash	52,470
2	Accounts Receivable	35,400
3	Supplies	3,900
4	Prepaid Rent	5,400
5	Prepaid Insurance	5,590
6	Office Equipment	19,000
7	Accumulated Depreciation-Office Equipment		540
8	Accounts Payable		2,800
9	Salaries Payable		190
10	Unearned Fees		4,100
11	Samantha Hogan, Capital		73,100
12	Samantha Hogan, Drawing	27,100
13	Fees Earned		80,700
14	Salary Expense	4,190
15	Rent Expense	2,700
16	Supplies Expense	2,600
17	Depreciation Expense	540
18	Insurance Expense	510
19	Miscellaneous Expense	2,030
20	Totals	161,430	161,430

Arborvite Consulting Score: 42/60 Statement of Owner's Equity For the Month Ended July 31, 2049 1 Samantha Hogan, capital, July 1, 2049 2 Net income $68,130.00 3 Investments during the month 4. Withdrawals 5 Increase in owner's equity 6 Samantha Hogan, capital, July 31, 2049