Question
The beginning balance for R. Barnum, Capital account on Oct. 1 of the current year was $23,000. For October, the Barnum Company reported total revenues
The beginning balance for R. Barnum, Capital account on Oct. 1 of the current year was $23,000. For October, the Barnum Company reported total revenues of $8,000 and total expenses of $4,250. In addition, R. Barnum withdrew $1,400 for his personal use on October 25.
Prepare a staement of changes in owner's equity for October for the Barnum Company.
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Financial Accounting An Introduction To Concepts Methods And Uses
Authors: Clyde P. Stickney, Roman L. Weil
10th Edition
0324183518, 978-0324183511
