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How do i use the information listed in an income statement to create a statement of owners equity? begin{tabular}{|l|r|r|} hline multicolumn{3}{|c|}{ Income statement }
How do i use the information listed in an income statement to create a statement of owners equity?
\begin{tabular}{|l|r|r|} \hline \multicolumn{3}{|c|}{ Income statement } \\ \hline For the month ending 30 September, xxxx \\ \hline Particulars & Amount & Amount \\ \hline Service revenue & $1,950 \\ \hline Less: Expenses & $2,500 & \\ \hline Rent expense & $350 & \\ \hline Supplies expense & $70 & \\ \hline Gas expense & $450 & \\ \hline Depreciation expense & & \\ \hline Total expenses & & $3,370 \\ \hline Net Income / Net Loss & & $1,420 \\ \hline \end{tabular} Step by Step Solution
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