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Statement of Owner's Equity The revenues and expenses of Sentinel Travel Service for the year ended August 31, 2019, follow: Fees earned Office expense Miscellaneous
Statement of Owner's Equity The revenues and expenses of Sentinel Travel Service for the year ended August 31, 2019, follow: Fees earned Office expense Miscellaneous expense Wages expense $744,765 171,295 14,895 357,485 Prepare a statement of owner's equity for the year ended August 31, 2019. Barb Schroeder, the owner, invested an additional $44,700 in the business during the year and withdrew cash of $28,300 for personal use. Barb Schroeder, capital as of September 1, 2018, was $201,000. Sentinel Travel Service Statement of Owner's Equity For the Year Ended August 31, 2019 Barb Schroeder, capital, September 1, 2018 201000 Aliditional investment by owner during the year 44700 Net Income for the year 201,090 Withdrawals Increase in owner's equity Barb Schroeder, capital, August 31, 2019 28.300
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