As of December 31 of the current year, Armani Company’s records show the following.Hint: The owner invested $2,700 cash during the year. Cash $ 11,700 Accounts receivable 10,700 Supplies 7,700 Equipment 6,700 Accounts payable 14,400 Armani, Capital, December 31, prior year 17,700 Armani, Capital, December 31, current year 22,400 Armani, Withdrawals 14,700 Consulting revenue 36,400 Rental revenue 25,400 Salaries expense 21,700 Rent expense 13,700 Selling and administrative expenses 9,700 Required: Prepare the statement of owner's equity for Armani Company for the current year ended December 31.

As of December 31 of the current year, Armani Company’s records show the following. Hint : The owner invested $2,700 cash during the year. Cash $ 11,700 Accounts receivable 10,700 Supplies 7,700...

As of December 31 of the current year, Armani Company’s records show the following.Hint: The owner invested $2,700 cash during the year.

Cash	$ 11,700
Accounts receivable	10,700
Supplies	7,700
Equipment	6,700
Accounts payable	14,400
Armani, Capital, December 31, prior year	17,700
Armani, Capital, December 31, current year	22,400
Armani, Withdrawals	14,700
Consulting revenue	36,400
Rental revenue	25,400
Salaries expense	21,700
Rent expense	13,700
Selling and administrative expenses	9,700

Required:

Prepare the statement of owner's equity for Armani Company for the current year ended December 31.

Jun 11, 2022