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The worksheet of Bridget's Office Supplies contains the following revenue, cost, and expense accounts. The merchandise inventory amounted to $58,975 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 $58,975 on January 1, 2019, and $51,925 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 451 Sales Returns and Allowances 491 Miscellaneous Income $ 246,8ee Cr. 4,270 Dr. 328 Cr. 581 Purchases 102,800 Dr 1,895 Dr. 3,520 Cr 1,720 Cr. 44,500 Dr. 502 Freight In 583 Purchases Returns and Allowances 584 Purchases Discounts 611 Salaries Expens 614 Store Supplies Expense 617 Depreciation Expense-Store Equipment 631 Rent Expense 634 Utilities Expense 637 Salaries e-Sales 2,230 Dr 1,430 Dr. 12,700 Dr. 2,920 Dr 28,300 Dr 5,200 Dr. Expense-office 640 Payroll Taxes Expense 643 Depreciation ExpenseOffice Equipment 646 Uncollectible Accounts Expense 691 Interest Expense 490 Dr. 648 Dr 580 Dr The worksheet of Bridget's Office Supplies contains the following owner's equity accounts. No additional investments were made during the period. Accounts $62,960 Cr 40,300 Dr. 301 Bridget Swanson, Capital 302 Bridget Swanson, Drawing Net income for the year $44,555 Prepare a statement of owner's equity for the year ended December 31, 2019. BRIDGET'S OFFICE SUPPLIES Statement of Owner's Equity
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