Homework Answers
Based on the information available in the question, we can answer as follows:-
| Seasons Global Inc | ||
| Statement of Owner's equity | ||
| As of December 31, 20Y5 | ||
| Adjusted Capital August 1, 2015 | 0 | |
| Contribution from owner | 14,700 | |
| Net Income | 2,300 | |
| Less:- Drawings | (1,750) | |
| Mike Jones, Ending Capital December 31, 2015 | 15,250 |
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