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Part 1 - Statement of Owner's Equity & Balance Sheet (10 Marks) After completing the Income Statement for Rose Enterprises on November 30th, 2021, the
Part 1 - Statement of Owner's Equity & Balance Sheet (10 Marks) After completing the Income Statement for Rose Enterprises on November 30th, 2021, the accountant noted that there was a Net Income of $500.00. She has asked you to prepare A) the Statement of Owner's Equity and B) the Balance Sheet for the month ended November 30th, 2021, based on the following accounts and their balances. Cash $1,000 Accounts Receivable 250 Office Equipment 2,000 Accounts Payable 1,000 Salaries Payable 250 S. Frank, Capital 1,650 S. Frank, Withdrawals 150 (A)
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