Question
Financial information related to Pegasus Products Company, a proprietorship, for the month ended April 30, 20Y7, is as follows: Net income for April $101,400 Brian
Financial information related to Pegasus Products Company, a proprietorship, for the month ended April 30, 20Y7, is as follows: Net income for April $101,400 Brian Walinskys withdrawals during April 11,150 Brian Walinskys, capital, April 1, 20Y7 773,700 a. Prepare a statement of owner's equity for the month ended April 30, 20Y7. Pegasus Products Company Statement of Owner's Equity For the Month Ended April 30, 20Y7 $fill in the blank 316e23fe5031015_2 $fill in the blank 316e23fe5031015_4 fill in the blank 316e23fe5031015_6 fill in the blank 316e23fe5031015_8 $fill in the blank 316e23fe5031015_10 b. Why is the statement of owners equity prepared before the April 30, 20Y7, balance sheet? The statement of owners equity is prepared before the April 30, 20Y7, balance sheet because the account balance is needed for the balance sheet.
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