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Using the trial balance above, please enter the total owner's equity. You must type in your answer. Do not use any commas in your answer.
Using the trial balance above, please enter the total owner's equity. You must type in your answer. Do not use any commas in your answer. For example, if the answer is one hundred and sixty thousand, you would enter 160000.
The total owner's equity is ____________.
Trial Balance Account Reveues Salary expense Rent expense Utility expense Advertising expense Cleaning expense Miscellaneous expense Gains Losses Cash Accounts Receivable Inventory Equipment Accounts Payable Wages Payable Investment by Owner Distributions to Owner Beginning Equity Balance 122,500 3,500 7,000 10,500 14,000 17,500 21,000 24,500 (28,000) 70,000 42,000 45,500 140,000 73,500 45,500 152,250 (19,250)Step by Step Solution
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