ug and ning de the DOO GOOOOOOOOOOOO ook Statement of Owner's fuity Reporting out income Betsy Ray started an accounting Service 1.20 $20.000.com for the 20.000, she wow ,000 a statement of owner's equity for the month one or Betsy Ray's Accounting Service Statement of Owner's Equity For Month Ended June 30, 20- Total westment 00 Check My Work Prvi Next > Suomen for Grading MacBook AS 3 4 5 E R P D G B. N M Statement of Owner's Equity Reporting Net Loss Betsy Ray started an accounting service on June 1, 20--, by investing $20,000. Her net loss for the month was $3,000, and she withdrew $8,000. Prepare a statement of owner's equity for June transactions. If an amount is zero, enter "0" Betsy Ray's Accounting Service Statement of Owner's Equity For Month Ended June 30, 20-- Total Investment DO DO eBook a. Invested cash in business, $18,000 b. Bought office supplies for $4,600: $2,000 in cash and $2,600 an account. c. Pald one-year Insurance premium, $1,200. d. Earned revenues totaling $3,300: $1,300 in cash and $2,000 on account. Paid cash on account to the company that supplied the office supplies in transaction (b), $2,300. 1. Paid office rent for the month, $250. 9. Withdrew cash for personal use, $100 Required: Show the effect of each transaction on the individual accounts of the expanded accounting equation: Assets Liabilities + Owner's Equity (Capital Drawing +Revenues - Expenses). After transaction (), report the totals for each element. Use the minus sign to Indicate a decrease or reduction in the account If an amount box does not require an entry, leave it blank. Assets Liabilities + Owner's Equity (Amts. (Items Owned) Owed) (Owner's Investment) (Earnings) 3. 3. Accounts Office Prepaid Accounts Cash + Pembroke,. Pembroke + Revenues - Expenses Description Receivable Supplies Insurance Payable Capital Drawing + + + b 19 Bal Previous Next > Cuck My Work Statement of Owner's Equity Reporting Net Income Efran Lopez started a financial consulting service on June 1, 20-, by investing $15,000. His net income for the month was $6,000, and he withdrew $7,000 for personal use Prepare a statement of owner's equity for the month of June. If an amount is zero, enter "o", Lopez Financial Consulting Statement of Owner's Equity For Month Ended June 30, 20- Total Investment 9 DO DO PO Next eBook Statement of Owner's Equity Reporting Net Lou Eran Lopez started a financial consulting service on June 1, 20--, by investing $15,000. His net loss for the month was $2,000, and he withdrew $7,000 for personal use Prepare a statement of owner's equity for the month of June. 1 an amount is zero, enter to Lopez Financial Consulting Statement of Owner's Equity For Month Ended June 30, 20 Total investment DU DO CDOOR Invested cash in the business, $15,000. b. Bought office supplies for $3,800 $1,800 in cash and $2,000 on account. c. Pald one-year Insurance premium, 51,000. d Eamed revenues amounting to $2,700: $1,700 in cash and $1,000 on account. e Paid cash on account to the company that supplied the office supplies in transaction (b), 51,800, Pald office rent for the month, $650. 9. Withdrew cash for personal use, $150 Required: Show the effect of each transaction on the individual accounts of the expanded accounting equation: Assets - Les + Owner's Equity (Capital - Drawing + Revers - Expenses). After transaction (), report the totals for each element. Use the minus sign to indicate a decrease or reduction in the account. If an amount box does not require an entry, leave it bank Assets Liabilities Owner's Equity (Amts (Items Owned) (Owner's Investment (Earnings Owed) Accounts Office Prepaid Accounts Cash D Segal 0. Segal Description Expenses Receivable Supplies Insurance Payable Capital Drawing + Revenues 9 Bal. Demonstrate that the accounting equation has remained in balance Demonstrate that the accounting equation has remained in balance. Cash Accounts receivable Office supplies Prepaid insurance Total Assets Accounts payable Jay Pembroke, capital Jay Pembroke, drawing Service fees Rent expense Total Liabilities and Owner's Equity Check My Work