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The worksheet of Bridget's Office Supplies contains the following revenue, cost, and expense accounts. The merchandise inventory amounted to $58.675 on January 1, 20x1, and
The worksheet of Bridget's Office Supplies contains the following revenue, cost, and expense accounts. The merchandise inventory amounted to $58.675 on January 1, 20x1, and $51.625 on December 31, 20X1. The expense accounts numbered 611 through 617 represent selling expenses, and those numbered 631 through 646 represent general and administrative expenses. Accounts 401 Sales 451 Sales returns and allowances 491 Miscellaneous income 501 Purchases 582 Freight in 583 Purchases returns and allowances 584 Purchases discounts 611 Salaries expense-Sales 614 Store supplies expense 617 Depreciation expense-Store equipment 631 Rent expense 634 Utilities expense 637 Salaries expense-Office 640 Payroll taxes expense 643 Depreciation expense-Office equipment 646 Uncollectible accounts expense 691 Interest expense $245,400 Cr. 4,240 Dr. 290 Cr. 102,500 Dr. 1,865 Dr. 3,498 Cr. 1,690 Cr. 44,200 Dr. 2,280 Dr. 1,400 Dr. 12,480 Dr. 2,890 Dr. 20,8e Dr. 4,990 Dr. 460 Dr. 610 Dr. 520 Dr. The worksheet of Bridget's Office Supplies contains the following owner's equity accounts. No additional investments were made during the period. Accounts 301 Bridget Swanson, Capital 302 Bridget Swanson, Drawing $62,660 Cr. 48,750 Dr. Net income for the year $45.635. Prepare a statement of owner's equity for the year ended December 31, 20X1. BRIDGET'S OFFICE SUPPLIES Statement of Owner's Equity For the year Ended December 31, 20X1 s 0 S 0
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