Solution
Apex systems Co | ||
Statement of Owner's Equity | ||
For the Year Ended December 31, 2019 | ||
Barb Nesbit capital, Jan 1, 2019 | $ 466,000 | |
Net income | $ 244,000 | |
Drawings | $ (24,400) | |
Net change in owner's capital | $ 219,600 | |
Barb Nesbit capital, Dec 31, 2019 | $ 685,600 |
Statement of Owner's Equity Apex Systems Co. offers its services to residents in the Seattle area....
Statement of Owner's Equity Apex Systems Co. offers its services to residents in the Seattle area. Selected accounts from the ledger of Apex Systems Co. for the fiscal year ended December 31, 2019, are as follows: Bart Nesbit, Capital Bart Nesbit, Drawing Dec. 31 90,00djan. 1 (2019) 1,375,000 Mar. 31 22,500 Dec. 31 90,000 Dec. 31 355,000 June 30 22,500 Sept. 30 22,500 Dec. 31 22,500 Prepare a statement of owner's equity for the year. Apex Systems Co. Statement of...
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