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On May 1 , 2 0 1 6 , Juan Thornhill decided to use his small business bookkeeping experience and start a training company for
On May Juan Thornhill decided to use his small business bookkeeping experience and start a training company for those looking to get office work, Thornhill Office Training. On April the company's general ledger showed the following balances. Use this information to prepare financial statements for the business.
Thornhill Office Training Ledger
tableAccounts payable,Computer equipment,Accounts receivable,Prepaid rent,Juan Thornhill, capital,,Rent Expense,May Juan Thornhill, withdrawals Bookkeeper training revenue,CashPayroll training revenue,FurnitureSupplies,Interest expense,Supplies expense,Notes payable,Utilities expense,Wages expense,
Instructions: Complete the Statement of Changes in Equity below by selecting the correct accounts from the multiple choice selections as well as entering the correct values for the accounts. Please format the values exactly as they are displayed in the table for example:
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