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The revenues and expenses of Zenith Travel Service for the year ended August 31, 20Y4, follow: Fees earned Office expense Miscellaneous expense Wages expense $899,600 353,800 14,400 539,800 Prepare a statement of owner's equity for the year ended August 31, 20Y4. Megan Cox, the owner, invested an additional $43,200 in the business during the year and withdrew cash of $21,600 for personal use. Megan Cox, capital as of September 1, 20Y3, was $456,000. Zenith Travel Service Statement of Owner's Equity For the Year Ended August 31, 2014 8

The revenues and expenses of Zenith Travel Service for the year ended August 31, 20Y4, follow: Fees earned Office expense Miscellaneous expense Wages expense $899,600 353,800 14,400 539,800 Prepare a statement of owner's equity for the year ended August 31, 20Y4. Megan Cox, the owner, invested an additional $43,200 in the business during the year and withdrew cash of $21,600 for personal use. Megan Cox, capital as of September 1, 20Y3, was $456,000. Zenith Travel Service Statement of Owner's Equity For the Year Ended August 31, 2014 8

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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Statement of Owner's Equity The revenues and expenses of Zenith Travel Service for the year ended August 31, 20Y4, follow: Fees earned Office expense Miscellaneous expense Wages expense $899,600 353,800 14,400 539,800 Prepare a statement of owner's equity for the year ended August 31, 20Y4. Megan Cox, the owner, invested an additional $43,200 in the business during the year and withdrew cash of $21,600 for personal use. Megan Cox, capital as of September 1, 2013, was $456,000. Zenith Travel Service Statement of Owner's Equity For the Year Ended August 31, 2014 8
Transcribed Image Text:Statement of Owner's Equity The revenues and expenses of Zenith Travel Service for the year ended August 31, 20Y4, follow: Fees earned Office expense Miscellaneous expense Wages expense $899,600 353,800 14,400 539,800 Prepare a statement of owner's equity for the year ended August 31, 20Y4. Megan Cox, the owner, invested an additional $43,200 in the business during the year and withdrew cash of $21,600 for personal use. Megan Cox, capital as of September 1, 2013, was $456,000. Zenith Travel Service Statement of Owner's Equity For the Year Ended August 31, 2014 8
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