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Billie Soares owns and operates Organic Products Company. Financial information related to Organic Products Company for the month ended June 30, 20Y9, is as follows:
Billie Soares owns and operates Organic Products Company. Financial information related to Organic Products Company for the month ended June 30, 20Y9, is as follows:
Line Item Description | Amount |
---|---|
Billie Soares, capital, June 1, 20Y9 | $1,810,000 |
Net income for June | 115,000 |
Withdrawals by Billie Soares in June | 25,000 |
Additional investment by Billie Soares in June | 50,000 |
Question Content Area
a. Prepare a statement of owner\'s equity for the month ended June 30, 20Y9.
Line Item Description | Amount |
---|---|
Billie Soares, capital, June 1, 20Y9Billie Soares, June 30, 20Y9CashNet income for JuneNet loss for JuneBillie Soares, capital, June 1, 20Y9 | $Billie Soares, capital, June 1, 20Y9 |
Additional investment by ownerFees earnedMiscellaneous expenseOffice expenseWages expenseAdditional investment by owner | Additional investment by owner |
Billie Soares, capital, June 1, 20Y9Billie Soares, June 30, 20Y9CashNet income for JuneNet loss for JuneNet income for June | Net income for June |
Fees earnedMiscellaneous expenseOffice expenseWages expenseWithdrawalsWithdrawals | Withdrawals |
Billie Soares, capital, June 1, 20Y9Billie Soares, June 30, 20Y9CashNet income for JuneNet loss for JuneBillie Soares, June 30, 20Y9 | $Billie Soares, June 30, 20Y9 |
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