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The following information is available for Phoebe Fashions for the month of May 2017: Total owner's equity 1 May 2017 8,103 Net income after tax

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The following information is available for Phoebe Fashions for the month of May 2017: Total owner's equity 1 May 2017 8,103 Net income after tax for May 2017 18,934 Withdrawal by owner on 7 May 2017 -4,861 What is the dollar value of total owner's equity for Phoebe Fashions on 31 May 2017

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