Question
Cash + Accounts Receivable + Supplies + Equipment = Accounts Payable + Owner's Capital - Owner's Drawings + Revenues - Expenses 1.$14,300$14,3002.-2,800$5,000$2,2003.-850$8504.4,700$3,700$8,4005.-1,000-1,0006.-3,000-$3,0007.-650-$6508.400-4009.-4,600-4,60010.300-300 calculate the owner's
Cash+Accounts
Receivable
+Supplies+Equipment=Accounts
Payable
+Owner's
Capital
-Owner's
Drawings
+Revenues-Expenses1.$14,300$14,3002.-2,800$5,000$2,2003.-850$8504.4,700$3,700$8,4005.-1,000-1,0006.-3,000-$3,0007.-650-$6508.400-4009.-4,600-4,60010.300-300
calculate the owner's equity statement for August 31, 2020.(List items that increase owner's equity first.)
PHAROAH & CO.
Owner's Equity Statement
For the Month Ended August 31, 2020
For the Year Ended August 31, 2020
August 31, 2020
Drawings
Expenses
Net Income
Owner's Capital, August 1
Owner's Capital, August 31
Revenues
Total Expenses
Total Revenues
Investments
$
Add
Less
:
Drawings
Expenses
Net Income
Owner's Capital, August 1
Owner's Capital, August 31
Revenues
Total Expenses
Total Revenues
Investments
$
Drawings
Expenses
Net Income
Owner's Capital, August 1
Owner's Capital, August 31
Revenues
Total Expenses
Total Revenues
Investments
Add
Less
:
Drawings
Expenses
Net Income
Owner's Capital, August 1
Owner's Capital, August 31
Revenues
Total Expenses
Total Revenues
Investments
Drawings
Expenses
Net Income
Owner's Capital, August 1
Owner's Capital, August 31
Revenues
Total Expenses
Total Revenues
Investments
$
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Accounting Information Systems Controls And Processes
Authors: Leslie Turner, Andrea B Weickgenannt, Mary Kay Copeland
4th Edition
1119577810, 9781119577812
