Statement of Owner's Equity

Therevenuesandexpensesof Sentinel Travel Service for the year ended August 31, 2019, follow:

Fees earned$720,015Office expense165,605Miscellaneous expense14,400Wages expense345,605

Prepare a statement of owner's equity for the year ended August 31, 2019. Barb Schroeder, the owner, invested an additional $43,200 in thebusinessduring the year and withdrew cash of $27,400 for personal use. Barb Schroeder, capital as of September 1, 2018, was $194,000.

Sentinel Travel ServiceStatement of Owner's EquityFor the Year Ended August 31, 2019Barb Schroeder, capital, September 1, 2018

$Additional investment by owner during the year

$Net income for the year