Question
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
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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Audit Sampling
Authors: Ray Whittington, Dan M Guy, D R Carmichael
5th Edition
047137590X, 9780471375906
