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The revenues and expenses of Sentinel Travel Service for the year ended August 31, 2019, follow: Fees earned $739,740 Office expense 170,140 Miscellaneous expense 14,795
The revenues and expenses of Sentinel Travel Service for the year ended August 31, 2019, follow: Fees earned $739,740 Office expense 170,140 Miscellaneous expense 14,795 Wages expense 355,075 Prepare a statement of owners equity for the year ended August 31, 2019. Barb Schroeder, the owner, invested an additional $44,400 in the business during the year and withdrew cash of $28,100 for personal use. Barb Schroeder, capital as of September 1, 2018, was $200,000.
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