Try another version of this question Shawn’s Tutoring adjusted trial balance follows. Prepare Shawn’s statement of Owner's Equity for the year ended December 31, 2017.
Adjusted Trial Balance
December 31, 2017Accounts Debits Credits Cash 1,510 Accounts Receivable 1,150 Office Supplies 2,100 Equipment 20,310 Accumulated Depreciation--Equipment 1,710 Accounts Payable 950 Interest Payable 1,000 Notes Payable 4,130 Shawn Cee, Capital 13,210 Shawn Cee, Drawing 620 Service Revenue 15,120 Rent Expense 5,730 Supplies Expense 800 Depreciation Expense--Equipment 1,890 Interest Expense 2,010 Total Single line36,120Double line Single line36,120Double line
Income Statement
For year ending December 31, 2017Description Amount Total Service Revenue 15,120 Subcategory,Expenses: Rent Expense 5,730 Supplies Expense 800 Depreciation Expense--Equipment 1,890 Interest Expense 2,010Single line Total Expenses Single line10,430Single line Net Income Single line4,690Double line
Statement of Owner's Equity
For year ending December 31, 2017Description Amount Single line Single line
Statement of Owner's Equity
For year ending December 31, 2017Description Amount Shawn Cee, Capital Jan. 1, 2017 13,210 Net Income 4,690Single line Single line17,900 Less Drawing 620 Shawn Cee, Capital Dec. 31, 2017 17,280