Received cash from clients for services, Paid creditors on account, Received cash from Cecil Jameson as an additional investment, Paid office rent for the month, Charged clients for legal services on account, Purchased supplies on account, Received cash from clients on account, Received invoice for paralegal services from Legal Aid Inc. Paid the following: wages expense; utilities expense,; answering service expense; and miscellaneous expense, Determined that the cost of supplies on hand was; therefore, the cost of supplies used during the month was Barb withdrew in cash from the business for personal use. 1-4B 750,000 0 Income statement for the year ended August 31, 2019 Fees Earned Expenses Wage Expense Office Expense Miscellaneous Expense Total Expenses Net Income 1 2 13 450,000 295,000 12,000 757,000 -7,000 14 15 16 1-5B 17 380,000 18 19 20 Sentenil Travel Service statement owner's equity Barb Schroeder, capital Additional investment by owner during year 36,000 net loss -7,000 Withdrawis -18,000 Income in owner Equity 25,000 Barb Schroeder, capital August 31, 2019 355,000 21 22 A.Received nach from allannen PE 1-5B Statement of owner's equity OBJ. 5 Using the income statement for Sentinel Travel Service shown in Practice Exercise 1-4B, prepare a statement of owner's equity for the year ended August 31, 2019. Barb Schroeder, the owner, invested an additional $36,000 in the business during the year and withdrew cash of $18,000 for personal use. Barb Schroeder, capital as of September 1, 2018, was $380,000