Answered step by step
Verified Expert Solution
Question
1 Approved Answer
prepare statement of owners equity Practice Consulting account balances for the year ended December 31, 2021, follow: Practice Consulting Adjusted Trial Balance December 31, 2021
prepare statement of owners equity
Practice Consulting account balances for the year ended December 31, 2021, follow: Practice Consulting Adjusted Trial Balance December 31, 2021 Account Title Debit Credit $ 14,000 1,500 1,200 50,000 $ Cash Office supplies Prepaid insurance Equipment Accumulated depreciation-Equipment Accounts payable Wages payable Unearned service revenue Capital Withdrawals Repair service revenue Wages expense Rent expense Depreciation expense Office supplies expense Utilities expense Insurance expense 5,000 10,000 2,500 4,000 33,000 10,000 106,400 60,000 12,000 5,000 3,600 2,400 1,200 160,900 $ $ 160,900 Step by Step Solution
There are 3 Steps involved in it
Step: 1
Get Instant Access to Expert-Tailored Solutions
See step-by-step solutions with expert insights and AI powered tools for academic success
Step: 2
Step: 3
Ace Your Homework with AI
Get the answers you need in no time with our AI-driven, step-by-step assistance
Get Started