Statement Of Owner's Equity Jay Pembroke started a business in April. Prepare a Statement of...
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Accounting
Statement Of Owner's Equity
Jay Pembroke started a business in April. Prepare a Statement of Owner's Equity using the following balances for April transactions.
| Cash | $12,950 |
| Accounts Receivable | 2,000 |
| Office Supplies | 4,600 |
| Prepaid Insurance | 1,200 |
| Accounts Payable | 300 |
| Jay Pembroke, Capital | 18,000 |
| Jay Pembroke, Drawing | 100 |
| Service Fees | 3,300 |
| Rent Expense | 750 |
- You will need to calculate the net income for April.
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