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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 $891,525 Office expense
Statement of Owner's Equity The revenues and expenses of Sentinel Travel Service for the year ended August 31, 2019, follow: Fees earned $891,525 Office expense 205,050 Miscellaneous expense 17,830 Wages expense 427,930 Prepare a statement of owners equity for the year ended August 31, 2019. Barb Schroeder, the owner, invested an additional $53,500 in the business during the year and withdrew cash of $33,900 for personal use. Barb Schroeder, capital as of September 1, 2018, was $241,000
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