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The adjusted trial balance of Whispering Winds Company at September 30, 2020 includes the following accounts: Owner's Capital $26,592; Owner's Drawings $9,360; Service Revenue $44,928; Insurance Expense $1,872; Salaries Expense $17,280; Rent Expense $2,880; Supplies Expense $624; and Depreciation Expense $1,056. Prepare an owner's equity statement for the year. (List items that increase owner's equity first.) WHISPERING WINDS COMPANY Owner's Equity Statement $

The adjusted trial balance of Whispering Winds Company at September 30, 2020 includes the following accounts: Owner's Capital $26,592; Owner's Drawings $9,360; Service Revenue $44,928; Insurance Expense $1,872; Salaries Expense $17,280; Rent Expense $2,880; Supplies Expense $624; and Depreciation Expense $1,056. Prepare an owner's equity statement for the year. (List items that increase owner's equity first.) WHISPERING WINDS COMPANY Owner's Equity Statement $

FINANCIAL ACCOUNTING
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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The adjusted trial balance of Whispering Winds Company at September 30, 2020 includes the following accounts: Owner's Capital $26,592; Owner's Drawings $9,360; Service Revenue $44,928; Insurance Expense $1,872; Salaries Expense $17,280; Rent Expense $2,880; Supplies Expense $624; and Depreciation Expense $1,056. Prepare an owner's equity statement for the year. (List items that increase owner's equity first.) WHISPERING WINDS COMPANY Owner's Equity Statement $
Transcribed Image Text:The adjusted trial balance of Whispering Winds Company at September 30, 2020 includes the following accounts: Owner's Capital $26,592; Owner's Drawings $9,360; Service Revenue $44,928; Insurance Expense $1,872; Salaries Expense $17,280; Rent Expense $2,880; Supplies Expense $624; and Depreciation Expense $1,056. Prepare an owner's equity statement for the year. (List items that increase owner's equity first.) WHISPERING WINDS COMPANY Owner's Equity Statement $
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