(Solved) Using the following worksheet for Alcazar Services, prepare a statement of owner's equity. Alcazar ...

Using the following worksheet for Alcazar Services, prepare a statement of owner's equity.

   Alcazar Services
   Worksheet
   December 31, 2014

         Adjusted   Income   Balance
   Trial Balance   Adjustments   Trial Balance   Statement   Sheet
   Debit   Credit   Debit   Credit   Debit   Credit   Debit   Credit   Debit   Credit
Cash   1,700            1,700            1,700
Accounts Receiv.   8,500      2,000      10,500            10,500
Supplies   100         80   20            20
Equipment   7,500            7,500            7,500
Accum. Amort.      2,000      240      2,240            2,240
Accounts Payable      1,200            1,200            1,200
Salary Payable      800      180      980            980
Unearned Revenue      600            600            600
Owner Capital      3,400            3,400            3,400
Owner Withdraw.   2,300            2,300            2,300
Service Revenue      40,000      2,000      42,000      42,000
Salary Expense   24,000      180      24,180      24,180
Supplies Expense   2,300      80      2,380      2,380
Amort. Expense   1,600      240      1,840      1,840
Total   48,000   48,000   2,500   2,500   50,420   50,420   28,400   42,000   22,020   8,420
Net income/(loss)                     13,600         13,600
Total                     42,000   42,000   22,020   22,020

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Using the following worksheet for Alcazar Services, prepare a statement of owner's equity. Alcazar ...

Accounting, Volume 1, Canadian Edition

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