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Instructions The revenues and expenses of Up-in-the-Air Travel Service for the year ended April 30, 20Y7, follow Fees earned Office expense Miscellaneous expense Wages expense $1,870,000 343,000 21,000 1.115,000 X Prepare a statement of owner's equity for the year ended April 30, 20Y7 Jerome Foley, the owner, invested an additional $52,000 in the business during the year and withdrew cash of $34,000 for personal use Jerome Foley, capital as of May 1, 20Y6, was $876,000 Be sure to complete the statement heading Refer to the lists of Accounts, Labels, and Amount Descriptions provided for the exact wording of the answer choices for text entries. If required, use the minus sign to indicate any decreases in equity Labels and Amount Descriptions Statement of Owner's Equity 1 2 Prepare a statement of owner's equity for the year ended April 30, 20Y7 Jerome Foley, the owner, invested an additional $52,000 in the business during the year and withdrew cash of $34,000 for personal use Jerome Foley, capital as of May 1, 20Y6, was $876,000 Be sure to complete the statement heading. Refer to the lists of Accounts, Labels, and Amount Descriptions provided for the exact wording of the answer choices for text entries If required, use the minus sign to indicate any decreases in equity. 3 Labels For the Month Ended April 30, 20Y7 For the Year Ended April 30, 20Y7 Amount Descriptions Additional investment by owner during 5 year Decrease in owner's equity Increase in owner's equity Withdrawals Net income for the year Net loss for the year Jerome Foley, capital, May 1, 20Y6 Jerome Foley, capital April 30, 20Y7 6 X Up-in-the-Air Travel Service Statement of Owner's Equity (Label)

Tha cexpues and expenses of Up os the Ar Frave Servee for the sey enced Asert is 20rr, kow Latela For the Nonet EndesApt 30, 2WI For the Vear Endod Aor 70,20r? Anesmbescrintsas Addipser oventmot by ewner derov year Decreasa n owners socy increast in enfers eqoty watermast fvetinceme ter the year Net lass for tfe year Jerone Fonk, casele, Mar 1, 2mo Sabeneaciowners todity

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