Statement of Owner's Equity

The revenues and expenses of Sentinel Travel Service for the year ended August 31, 2019, follow:

Fees earned	$750,000
Office expense	295,000
Miscellaneous expense	12,000
Wages expense	450,000

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.

Sentinel Travel Service
Statement of Owner's Equity
For the Year Ended August 31, 2019
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