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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

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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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