Statement of Owner's Equity

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

Fees earned$923,485Office expense212,400Miscellaneous expense18,470Wages expense443,275

Prepare a statement of owner's equity for the year ended August 31, 2019. Barb Schroeder, the owner, invested an additional $55,400 in thebusinessduring the year and withdrew cash of $35,100 for personal use. Barb Schroeder, capital as of September 1, 2018, was $249,000.

Sentinel Travel ServiceStatement of Owner's EquityFor the Year Ended August 31, 2019

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