Prepare Waterway Design Company's statement of owner's equity. (List items that increase owner's equityfirst.)◄►WATERWAY DESIGN COMPANYStatement Of Owner's Equity$$ The adjusted trial balance for Waterway Design Company at December 31, 2024, which is the end of its fiscal year, is as follows:CashAccounts receivableSuppliesPrepaid insuranceWATERWAY DESIGN COMPANYAdjusted Trial BalanceDecember 31, 2024EquipmentAccumulated depreciation-equipmentAccounts payableSalaries payableUnearned revenueH. Waterway, capitalH. Waterway, drawingsService revenueSalaries expenseSupplies expenseRent expenseInsurance expenseDepreciation expenseTotalsDebit$8,74010,1601,9403,36015,1205,72014,7001,26010,0802,0202,500$75,600Credit$5,0405,8001,8401,18013,44048,300$75,600

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Description: Prepare Waterway Design Company's statement of owner's equity. (List items that increase owner's equityfirst.)◄►WATERWAY DESIGN COMPANYStatement Of Owner's Equity$$ The adjusted trial balance for Waterway Design Company at December 31, 2024, which i

Statement of owner's equity is one of the financial statements that shows change in amount of equity…

Business

Accounting

The adjusted trial balance for Waterway Design Company at December 31, 2024, which is the end of its fiscal year, is as follows: Cash WATERWAY DESIGN COMPANY Adjusted Trial Balance December 31, 2024 Accounts receivable Supplies Prepaid insurance Equipment Accumulated depreciation-equipment Accounts payable Salaries payable Unearned revenue H. Waterway, capital H. Waterway, drawings Service revenue Salaries expense Supplies expense Rent expense Insurance expense Depreciation expense Totals Debit $8,740 10,160 1,940 3,360 15,120 5,720 14,700 1,260 10,080 2,020 2,500 $75,600 Credit $5,040 5,800 1,840 1,180 13,440 48,300 $75,600

The adjusted trial balance for Waterway Design Company at December 31, 2024, which is the end of its fiscal year, is as follows: Cash WATERWAY DESIGN COMPANY Adjusted Trial Balance December 31, 2024 Accounts receivable Supplies Prepaid insurance Equipment Accumulated depreciation-equipment Accounts payable Salaries payable Unearned revenue H. Waterway, capital H. Waterway, drawings Service revenue Salaries expense Supplies expense Rent expense Insurance expense Depreciation expense Totals Debit $8,740 10,160 1,940 3,360 15,120 5,720 14,700 1,260 10,080 2,020 2,500 $75,600 Credit $5,040 5,800 1,840 1,180 13,440 48,300 $75,600

FINANCIAL ACCOUNTING

10th Edition

ISBN:9781259964947

Author:Libby

Publisher:Libby

Chapter1: Financial Statements And Business Decisions

Section: Chapter Questions

Problem 1Q

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