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Problem 1-4A (Algo) Preparing a statement of owner's equity LO P2 Required: Prepare the statement of owner's equity for Armani Company for the current year ended December 31. ARMANI COMPANY Statement of Owner's Equity For Current Year Ended December 31 Armani, Capital, December 31, prior year 0 Armani, Capital, December 31, current year $ 0

Problem 1-4A (Algo) Preparing a statement of owner's equity LO P2 Required: Prepare the statement of owner's equity for Armani Company for the current year ended December 31. ARMANI COMPANY Statement of Owner's Equity For Current Year Ended December 31 Armani, Capital, December 31, prior year 0 Armani, Capital, December 31, current year $ 0

Financial And Managerial Accounting
Financial And Managerial Accounting
15th Edition
ISBN:9781337902663
Author:WARREN, Carl S.
Publisher:WARREN, Carl S.
Chapter5: Accounting For Retail Businesses
Section: Chapter Questions
Problem 5PA: Multiple-step income statement and balance sheet The following selected accounts and their current...
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mi.3

answer must be in table format or i will give down vote 

Use the information for the Problems below

As of December 31st of the current year, Armani Company's records show

the following. Hint: The owner invested S2, 200 cash during the year

Cash:S11, 200

Accounts receivable:10, 200

Supplies:7, 200

Equipment:6, 200

Accounts payable:13, 400

Armani, Capital, December 31st, prior year: 17, 200

Armani, Capital, December 31st, current year:21, 400

Armani Withdrawls: 14, 200

Consulting revenue:35, 400

Rental revenue:24, 400

Salaries expense: 21, 200

Rent expense: 13, 200

Sellinf and administrative expenses:9, 200

Problem 1-4A (Algo) Preparing a statement of owner's equity LO P2 Required: Prepare the statement of owner's equity for Armani Company for the current year ended December 31. ARMANI COMPANY Statement of Owner's Equity For Current Year Ended December 31 Armani, Capital, December 31, prior year 0 Armani, Capital, December 31, current year $ 0
Transcribed Image Text:Problem 1-4A (Algo) Preparing a statement of owner's equity LO P2 Required: Prepare the statement of owner's equity for Armani Company for the current year ended December 31. ARMANI COMPANY Statement of Owner's Equity For Current Year Ended December 31 Armani, Capital, December 31, prior year 0 Armani, Capital, December 31, current year $ 0
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