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The worksheet of Bridget's Office Supplies contains the following revenue, cost, and expense accounts. The merchandise inventory amounted to $59,075 on January 1, 2019, and

The worksheet of Bridget's Office Supplies contains the following revenue, cost, and expense accounts. The merchandise inventory amounted to $59,075 on January 1, 2019, and $52,025 on December 31, 2019. The expense accounts numbered 611 through 617 represent selling expenses, and those numbered 631 through 646 represent general and administrative expenses.

Accounts
401 Sales $ 246,200 Cr.
451 Sales Returns and Allowances 4,280 Dr.
491 Miscellaneous Income 330 Cr.
501 Purchases 102,900 Dr.
502 Freight In 1,905 Dr.
503 Purchases Returns and Allowances 3,530 Cr.
504 Purchases Discounts 1,730 Cr.
611 Salaries ExpenseSales 44,600 Dr.
614 Store Supplies Expense 2,240 Dr.
617 Depreciation ExpenseStore Equipment 1,440 Dr.
631 Rent Expense 12,800 Dr.
634 Utilities Expense 2,930 Dr.
637 Salaries ExpenseOffice 20,400 Dr.
640 Payroll Taxes Expense 5,300 Dr.
643 Depreciation ExpenseOffice Equipment 500 Dr.
646 Uncollectible Accounts Expense 650 Dr.
691 Interest Expense 600 Dr.

The worksheet of Bridget's Office Supplies contains the following owners equity accounts. No additional investments were made during the period.

Accounts
301 Bridget Swanson, Capital $

63,060

Cr.
302 Bridget Swanson, Drawing

40,350

Dr.

Net income for the year $44,195. Prepare a statement of owner's equity for the year ended December 31, 2019.

Owners equity statement looks like the below sheet, this is all i need to figure out:

BRIDGET'S OFFICE SUPPLIES
Statement of Owner's Equity
Begining Capital would be here-----------------------------------------$__________
(ENTRY TITLE HERE) DEBIT AMOUNT HERE CREDIT AMOUNT HERE
$
$

Recording title Entry options are below:

  • Accounts payable
  • Accumulated depreciation
  • Bridget Swanson, Capital, December 31, 2019
  • Bridget Swanson, Capital, January 1, 2019
  • Depreciation expense
  • Interest expense
  • Interest income
  • Interest payable
  • Interest receivable
  • Medicare tax payable
  • Notes payable
  • Notes receivable
  • Payroll taxes expense
  • Prepaid rent
  • Rent expense
  • Salaries expense
  • Salaries payable
  • Social security tax payable
  • Supplies
  • Supplies expense

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