Acc225 Fundamental Accounting Principles: E1-14 Use the information in Exercise 1-13 (Best Answers)

Acc225 Fundamental Accounting Principles
Exercise 1-14 Preparing a statement of owner’s equity
Use the information in Exercise 1-13 to prepare an October statement of owner’s equity for Best Answers.
Cash 2,000
Accounts receivable 13,000
Office supplies 4,250
Land 36,000
Office equipment 28,000
Accounts payable 7,500
Owner investments 74,000
Cash withdrawals by owner 3,360
Consulting fees earned 15,000
Rent expense 2,550
Salaries expense 6,000
Telephone expense 660
Miscellaneous expenses 680
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