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Not sure how to do this. Dawson Hair Stylists's adjusted trial balance and income statement follow. Prepare Dawson's statement of owner's equity for the year
Not sure how to do this.
Dawson Hair Stylists's adjusted trial balance and income statement follow. Prepare Dawson's statement of owner's equity for the year ended December 31, 2017. Assume the owner made no contributions during the year. (Click on the icon to view the adjusted trial balance.) (Click on the icon to view the income statement.) Prepare the statement of owner's equity. Enter any increases in capital prior to the subtotal and any decreases to capital below the subtotal. (Use a minus sign or parentheses to show a decrease in capital. Exclude any zero-balance events for the period from the statement of owner's equity.) 0 Data Table - X 0 Reference - X Dawson Hair Stylists Statement of Owner's Equity Year Ended December 31, 2017 Dawson, Capital, January 1, 2017 Net income for the year Net loss for the year Dawson, Capital, December 31, 2017 $ 15,500 Dawson Hair Stylists Income Statement Year Ended December 31, 2017 Revenues: Service Revenue Expenses: Rent Expense Interest Expense Depreciation Expense-Equipment Supplies Expense Total Expenses 4,100 1,400 2,200 Dawson Hair Stylists Adjusted Trial Balance December 31, 2017 Balance Account Title Debit Credit Cash 800 Accounts Receivable 1,600 Office Supplies 1,300 Equipment 20,300 Accumulated Depreciation-Equipment 2,200 Accounts Payable 1,100 Interest Payable 1,100 Notes Payable 3,600 Dawson, Capital 10,600 Dawson, Withdrawals 1,900 Service Revenue 15,500 Rent Expense 4,100 Supplies Expense 500 Depreciation Expense-Equipment 2,200 1,400 Interest Expense $ 34,100 $ 34,100 Total 500 8,200 7,300 Net Income (Loss) Print Done Choose from any list or enter any number in the input fields and then click CheckStep by Step Solution
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