^ Question 42 (10 points) Account Title Debit Credit Cash 16.500 2000 . 170.000

Question

^ Question 42 (10 points) Account Title Debit Credit Cash 16.500 2000 . 170.000 Office supplies... Trucks Accumulated depreciation-Truck Land... Accounts payable. Interest payable Long-tenem sores payable K. Webb, Capital 35.000 .75,000 1,000 .000 2.000 61,000 19.000 Trucking fees earned 28000 22,500 Salanes expense Office supplies expeme Repairs expemse-Trucks Torals o60000 7,000 11.000 30 000 $390.000 Using the above trial balance (as well as information from your Income Statement), prepare an Statement of Owner's Equity (in good form) for Webb Trucking Company. Date: December 31, 2013 You may use abbreviations to speed up your input. ?. JE#4.xls

Explanation / Answer

Prepare statement of owner's equity :

Beginning balance K.Webb, capital 161000 Add: Net income 27500 Less: K.Webb, Withdrawal (19000) Ending balance K.Webb, Capital 169500

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