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STATEMENT OF OWNER'S EQUITY REPORTING NET INCOME Efran Lopez started a financial consulting service on June 1, 20--, by investing $15,000. His net income for

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STATEMENT OF OWNER'S EQUITY REPORTING NET INCOME Efran Lopez started a financial consulting service on June 1, 20--, by investing $15,000. His net income for the month was $6,000, and he withdrew $7,000 for personal use. Prepare a statement of owner's equity for the month of June. STATEMENT OF OWNER'S EQUITY REPORTING NET LOSS Based on the information provided in Exercise 2-6B, prepare a statement of owner's equity assuming Lopez had a net loss of $2,000

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