Prepare statement of Owners Equity

Statement of Owner's Equity 1. From the partial work sheet, prepare a statement of owner's equity, assuming no additional nvestment was made by the owner Major Advising Work Sheet (Partial) For Month Ended January 31, 20-- Income Statement Balance Sheet Account Title Debit Credit Debit Credit Cash Accounts Receivable Supplies Prepaid Insurance Office Equipment Accum. Depr.-Office Equipment Accounts Payable Wages Payable Ed Major, Capital Ed Major, Drawing Advising Fees Wages Expense Advertising Expense Rent Expense Supplies Expense Phone Expense Electricity Expense Insurance Expense Gas and Oil Expense Depr. Expense-Office Equipment Miscellaneous Expense 1,352 922 332 872 3,540 184 1,02 317 ,135 910 4,121 742 92 452 127 64 48 87 43 184 19 1,858 4,121 7,928 5,665 2,263 Net Income 2,263 4,121 4,121 7,928 7,928