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Prepare a statement of owners equity for the year ended April 30, 20Y7. Jerome Foley, the owner, invested an additional $45,000 in the business during
Prepare a statement of owners equity for the year ended April 30, 20Y7. Jerome Foley, the owner, invested an additional $45,000 in the business during the year and withdrew cash of $32,000 for personal use. Jerome Foley, capital as of May 1, 20Y6, was $675,000
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