Prepare a statement of owner's equity for the year ended August 31, 20Y5. During the year, Effie Jackson invested an additional $30,000 in the business. Question not attempted. General Journal Shaded cells have feedback. JOURNAL Score: 0/171 ACCOUNTING EQUATION \begin{tabular}{|c|c|c|c|c|c|c|c|c|} \hline & DATE & DESCRIPTION & POST. REF. & DEBIT & CREDIT & ASSETS & LIABILITIES & EQUITY \\ \hline 1 & & Closing Entries & & & & & & \\ \hline 2 & & & & & & & & \\ \hline 3 & & & & & & & & \\ \hline 4 & & & & & & & & \\ \hline 5 & & & & & & & & \\ \hline 6 & & & & & & & & \\ \hline 7 & & & & & & & & \\ \hline 8 & & & & & & & & \\ \hline g & & & & & & & & \\ \hline 10 & & & & & & & & \\ \hline 11 & & & & & & & & \\ \hline 12 & & & & & & & & \\ \hline 13 & & & & & & & & \\ \hline 14 & & & & & & & & \\ \hline 15 & & & & & & & & \\ \hline \end{tabular} Points: 0/30 \begin{tabular}{|c|c|c|c|c|} \hline & & \begin{tabular}{l} Light-It-Up Company \\ Income Statement \end{tabular} & & Score: 71/132 \\ \hline & & (Label) & & \\ \hline 1 & Revenues: & & & \\ \hline 2 & Fees earned & & $430,000.00 & \\ \hline 3 & Rent revenue & & 900.00 & \\ \hline 4 & Total revenues & & & $374,500.00 \\ \hline 5 & Expenses: & & & \\ \hline 6 & Salaries and wages expense & & $164,000.00 & \\ \hline 7 & Advertising expense & & 21,200.00 & \\ \hline 8 & Utilities expense & & 15,600.00 & \\ \hline 9 & repair & & 8,850.00 & \\ \hline 10 & depreciation & & 4,600.00 & \\ \hline 11 & depreciation & & 12,000.00v & \\ \hline 12 & Supplies expense & 4 & 2,180.00 & \\ \hline 13 & Insurance expense & & 3,250.00 & \\ \hline 14 & Miscellaneous expense & & 4,020.00 & \\ \hline 15 & Total expenses & & & \\ \hline 16 & Net income & & & $138,800.00 \\ \hline \end{tabular} spreadsheet at Auguat 31, 20Y5, the end of the flacal verer \begin{tabular}{|c|c|c|c|c|} \hline 18 & & & & \\ \hline 19 & Current liabilities: & & & \\ \hline 20 & Accounts payable & v & $15,800.00 & \\ \hline 21 & Salaries and wages payable & & 5,000.00 & \\ \hline 22 & Unearned rent & & 800.00 & \\ \hline 23 & Total Liabilities & & & $21,600.00 \\ \hline 24 & & & & \\ \hline 25 & equity & & & 338,330.00 \\ \hline 26 & total liabilities and stockholder equity & & & $359,930.00 \\ \hline \end{tabular} Prepare a statement of owner's equity for the year ended August 31, 20Y5. During the year, Effie Jackson invested an additional $30,000 in the business. Question not attempted. General Journal Shaded cells have feedback. JOURNAL Score: 0/171 ACCOUNTING EQUATION \begin{tabular}{|c|c|c|c|c|c|c|c|c|} \hline & DATE & DESCRIPTION & POST. REF. & DEBIT & CREDIT & ASSETS & LIABILITIES & EQUITY \\ \hline 1 & & Closing Entries & & & & & & \\ \hline 2 & & & & & & & & \\ \hline 3 & & & & & & & & \\ \hline 4 & & & & & & & & \\ \hline 5 & & & & & & & & \\ \hline 6 & & & & & & & & \\ \hline 7 & & & & & & & & \\ \hline 8 & & & & & & & & \\ \hline g & & & & & & & & \\ \hline 10 & & & & & & & & \\ \hline 11 & & & & & & & & \\ \hline 12 & & & & & & & & \\ \hline 13 & & & & & & & & \\ \hline 14 & & & & & & & & \\ \hline 15 & & & & & & & & \\ \hline \end{tabular} Points: 0/30 \begin{tabular}{|c|c|c|c|c|} \hline & & \begin{tabular}{l} Light-It-Up Company \\ Income Statement \end{tabular} & & Score: 71/132 \\ \hline & & (Label) & & \\ \hline 1 & Revenues: & & & \\ \hline 2 & Fees earned & & $430,000.00 & \\ \hline 3 & Rent revenue & & 900.00 & \\ \hline 4 & Total revenues & & & $374,500.00 \\ \hline 5 & Expenses: & & & \\ \hline 6 & Salaries and wages expense & & $164,000.00 & \\ \hline 7 & Advertising expense & & 21,200.00 & \\ \hline 8 & Utilities expense & & 15,600.00 & \\ \hline 9 & repair & & 8,850.00 & \\ \hline 10 & depreciation & & 4,600.00 & \\ \hline 11 & depreciation & & 12,000.00v & \\ \hline 12 & Supplies expense & 4 & 2,180.00 & \\ \hline 13 & Insurance expense & & 3,250.00 & \\ \hline 14 & Miscellaneous expense & & 4,020.00 & \\ \hline 15 & Total expenses & & & \\ \hline 16 & Net income & & & $138,800.00 \\ \hline \end{tabular} spreadsheet at Auguat 31, 20Y5, the end of the flacal verer \begin{tabular}{|c|c|c|c|c|} \hline 18 & & & & \\ \hline 19 & Current liabilities: & & & \\ \hline 20 & Accounts payable & v & $15,800.00 & \\ \hline 21 & Salaries and wages payable & & 5,000.00 & \\ \hline 22 & Unearned rent & & 800.00 & \\ \hline 23 & Total Liabilities & & & $21,600.00 \\ \hline 24 & & & & \\ \hline 25 & equity & & & 338,330.00 \\ \hline 26 & total liabilities and stockholder equity & & & $359,930.00 \\ \hline \end{tabular}