Trying to prepare a statement of owners equity.
withdrawals by owner 40,000
DID this company earn a net income or suffer a net loss?© BrainMass Inc. brainmass.com March 4, 2021, 7:04 pm ad1c9bdddf
Begining owners Equity=Assets-Liability=50000-20000=30000
Ending Owners Equity=70000-35000=35000
Statment of owner's equity
Begining owners ...
Solution contains statement of owners equity.