Question
Presented below is information related to the sole proprietorship of Alice Henning, attorney. legal service revenue-2017 $344,000 total expenses-2017 221,000 assets, January 1, 201792,000 92,000
Presented below is information related to the sole proprietorship of Alice Henning, attorney.
| legal service revenue-2017 | $344,000 |
| total expenses-2017 | 221,000 |
| assets, January 1, 201792,000 | 92,000 |
| liabilities, January 1, 2017 | 57,000 |
| assets, December 31, 2017 | 165,000 |
| liabilities, December 31, 2017 | 104,000 |
| Drawings- 2017 | ? |
Prepare the 2017 owner's equity statement for Alice Henning's legal practice.
Alice Henning Attorney: Owner's equity Statement
For the month ended decmeber 31,2017
___________ $____________
Add: Investments ____________
____________
Less: Drawings ____________
Owner's Capital, December 31 $_____________
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Audit Committee Essentials
Authors: Curtis C. Verschoor
1st Edition
0471699594, 978-0471699590
