Question
As of December 31, 2017, Armani Company's financial records show the following items and amounts. Cash$11,900Accounts receivable10,900Supplies7,900Equipment6,900Accounts payable15,700Common stock14,000Retained earnings, Dec. 31, 20165,900Retained earnings, Dec.
As of December 31, 2017, Armani Company's financial records show the following items and amounts.
Cash$11,900Accounts receivable10,900Supplies7,900Equipment6,900Accounts payable15,700Common stock14,000Retained earnings, Dec. 31, 20165,900Retained earnings, Dec. 31, 20177,900Dividends14,900Consulting revenue36,800Rental revenue25,800Salaries expense21,900Rent expense13,900Selling and administrative expenses9,900
Required:
Prepare a yearend statement of owner's equity for Armani Company.
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Horngrens Financial And Managerial Accounting The Financial Chapters
Authors: Tracie L. Miller Nobles, Brenda L. Mattison, Ella Mae Matsumura
6th Edition
978-0134486840, 134486838, 134486854, 134486846, 9780134486833, 978-0134486857
