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Assets = Liabilities + Owners Equity Jean Jean Accounts Accounts Howard, Howard, Fees Rent Salaries Supplies Auto Misc. Cash + Receivable + Supplies = Payable

Assets = Liabilities + Owners Equity Jean Jean Accounts Accounts Howard, Howard, Fees Rent Salaries Supplies Auto Misc. Cash + Receivable + Supplies = Payable + Capital Drawing + Earned - Expense - Expense - Expense - Expense - Expense 2. Briefly explain why the owner's investment and revenues increased owner's equity, while withdrawals and expenses decreased owner's equity

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