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ce sheet December 31, 2018 Assets Less: Liabilities Owner's Equity Dalton, Capital, January 1, 2018 16,150 4,550 Net income for the year $ 20,700 (1,400)
ce sheet December 31, 2018 Assets Less: Liabilities Owner's Equity Dalton, Capital, January 1, 2018 16,150 4,550 Net income for the year $ 20,700 (1,400) Owner withdrawal $ 19,300 Dalton, Capital, December 31, 2018 Cash $ 1,300 1,500 1,800 Accounts Receivable Office Supplies Equipment Accumulated DepreciationEquipment 20,900 $ 2,200 Accounts Payable 400 Interest Payable 500 Notes Payable 3,100 Dalton, Capital 16,150 Dalton, Withdrawals 1,400 13,800 3,900 Service Revenue Rent Expense Supplies Expense Depreciation Expense-Equipment 850 2,200 2,300 Interest Expense $ 36,150 $ 36,150 Total
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