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High Wind Interiors began the year with owner's equity of 19,000. On 12 July, Carla Grant (the owner) invested 12,000 cash in the business. On
High Wind Interiors began the year with owner's equity of 19,000. On 12 July, Carla Grant (the owner) invested 12,000 cash in the business. On 26 September, the owner transferred to the business, and valued at 69.000. The income statement for the year ended 31 December 20X8 reported profit of 55,000. During this financial year, the owner withdrew 7,000 each month for personal use. Requirement: Prepare the part of High Wind Interiors' statement of financial position showing changes to the owner's equity during the year ended 31 December 20X8. (Complete the necessary drop downs and enter your answers as integers. The statement of Financial position showing owner's equity (the part showing assets and liabilities isn't required) E E Carla Grant, Equity, 1 January 20x8 Add: Investments by owner 19.000 81,000 66,000 Profit 166,00) 84.000 Less: Drawings Carla Grant, Equity, 31 December 20X8 82,000 Next 9 OG 19 @NTA A SP MacBook Air 38 72 80 F a a Fd FS sa F? PO DIL FB F9 VO *** V12 !! o @ + 7 1 # 3 / o $ 4 B 14c Fe 2 % 5 ** > & & 7 9 6 C 9 8 0 - - o 11 n 5 O GV 90 0 7 > W R2 W R T 1 Y 0\ P U I A 2 & 0 12 a +
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