Question

3.000 capital balance, come $13,000, and withdrew $57.000 during the year The assets a n d equities of Damon Design Studio have the following balances Cache icon to view the account balances the icon to view the com December 31, 2018. The owner. Eric Damon, began the year with a m ent for the year) Prepare the statement of owner's equity for Damon Design Studio for the year ending December 31, 2018 Enter any increases in capital prior to the b a nd any decreases to capital below the total Damon, Capital January 1, 2018 Damon Design Studio Income Statement Year Ended December 31, 2018 Service Revenue $ 154,600 65,000 Damon, Capital, December 31, 2018 Data Table Salaries Expense Rent Expense U s Expense Miscellaneous Expense Property Tax Expense Total Expenses 3,800 2.200 $ Notes Payable Rent Expense Cash Office Supplies Solaris Expense Property Tax Lxpense 14.000 mice Furniture 23.000 Us Expo 3.200 Accounts Payable 5,100 Service Revenue 65.000 Accounts Receivable 2.200 Miscellaneous Expanse Done

Answer 1

Damon Design Studio Statement of Owner's Equity For the Year Ending December 31, 2018 Damon, Capital, January 1, 2018 Owner Contribution 39,000 13,000 Net Income for the year 53,400 105,400 Owner Withdrawal 57,000 Damon, Capital, December 31, 2018 48,400