Statement of Owners Equity Exercise
by Suzanne Gomez
(Pueblo Colorado USA)
Use the trial balance below to prepare the statement of changes in equity.
Account Description Debits Credits
Accounts Recievable 1,000
Accounts Payable 3,000
Suzanne Gomez, Capital 50,000
Suzanne Gomez, Withdrawal 800
Sales of service 6,000
Salary expense 1,200
Advertising expense 300
Supply expense 200
Total 59,000.00 59,000.00Required:
Prepare the statement of changes in equity.