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The following information relates to Vaughn Co. for the year 2020 Owner's Capital, January 1,200 $66300 Drawings during 2020 8000 Service revenue 70000 Salaries and

The following information relates to Vaughn Co. for the year 2020 Owner's Capital, January 1,200 $66300 Drawings during 2020 8000 Service revenue 70000 Salaries and wages expense 31300 advertising expense $8800 rent expense 10800 utilities expense 3800 After analyzing the data, prepare an owner's equity statement for the year ending decemebr 31, 2020

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