Selected accounts from the ledger of Restoration Arts for the fiscal year ended April 30, 2019, are as follows: Doug Stone, Capital Doug Stone, Drawing Apr. 30 31,200 May 1 (2018) Sept. 30 1,250 Apr. 30 475,500 5,000 Dec. 31 30 5,000 1,250 Mar. 31 1,250 June 30 1,250 Prepare a statement of owner's equity for the year.

FINANCIAL ACCOUNTING
10th Edition
ISBN:9781259964947
Author:Libby
Publisher:Libby
Chapter1: Financial Statements And Business Decisions
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Selected accounts from the ledger of Restoration Arts for the fiscal year ended April 30,
2019, are as follows:
Doug Stone, Capital
Doug Stone, Drawing
Apr. 30
31,200
May 1 (2018)
Sept. 30
1,250
Apr. 30
475,500
5,000
Dec. 31
30
5,000
1,250
Mar. 31
1,250
June 30
1,250
Prepare a statement of owner's equity for the year.
Transcribed Image Text:Selected accounts from the ledger of Restoration Arts for the fiscal year ended April 30, 2019, are as follows: Doug Stone, Capital Doug Stone, Drawing Apr. 30 31,200 May 1 (2018) Sept. 30 1,250 Apr. 30 475,500 5,000 Dec. 31 30 5,000 1,250 Mar. 31 1,250 June 30 1,250 Prepare a statement of owner's equity for the year.
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