Prepare an owner's equity statement for the year. SANDHILL COMPANY Owner's Equity Statement $ 2$ $

how do you prepare an owners equity statement?

Prepare an owner's equity statement for the year.<br>SANDHILL COMPANY<br>Owner's Equity Statement<br>$<br>2$<br>$<br>

Extracted text: Prepare an owner's equity statement for the year. SANDHILL COMPANY Owner's Equity Statement $ 2$ $

These financial statement items are for Sandhill Company at year-end, July 31, 2020.<br>Salaries and wages payable<br>$2,300<br>Notes payable (long-term)<br>$1,800<br>Salaries and wages expense<br>51,500<br>Cash<br>14,300<br>Utilities expense<br>23,000<br>Accounts receivable<br>10,400<br>Equipment<br>29,000<br>Accumulated depreciation-equipment<br>6,400<br>Accounts payable<br>4,700<br>Owner's drawings<br>3,200<br>Service revenue<br>60,800<br>Depreciation expense<br>4,300<br>Rent revenue<br>8,400<br>Owner's Capital (beginning of the year)<br>51,300<br>

Extracted text: These financial statement items are for Sandhill Company at year-end, July 31, 2020. Salaries and wages payable $2,300 Notes payable (long-term) $1,800 Salaries and wages expense 51,500 Cash 14,300 Utilities expense 23,000 Accounts receivable 10,400 Equipment 29,000 Accumulated depreciation-equipment 6,400 Accounts payable 4,700 Owner's drawings 3,200 Service revenue 60,800 Depreciation expense 4,300 Rent revenue 8,400 Owner's Capital (beginning of the year) 51,300

Jun 09, 2022

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Prepare an owner's equity statement for the year. SANDHILL COMPANY Owner's Equity Statement $ 2$ $

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