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Prepare a statement of owner’s equity for the year ended August 31, 2019. Barb Schroeder, the owner, invested an additional $44,400 in the business during the year and withdrew cash of $28,100 for personal use. Barb Schroeder, capital as of September 1, 2018, was $200,000.

Respuesta :

Answer:

Explanation:

While preparing the owner equity statement, we do the following adjustments which is shown below:

Barb Schroeder, capital as of September 1, 2018 = $200,000

Add: Additional capital = $44,400

Less: Drawings = ($28,100)

Barb Schroeder, capital as of August 2019 = $216,300

The preparation of the statement of owner equity is given in the attachment. please find the attachment.

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