prepare a statement of owner s equity for the year 637764
Selected accounts from the ledger of Aspen Sports for the current fiscal year ended June 30, 2008, are as follows:
|
Tammy Eddy, Capital |
|
Tammy Eddy, Drawing |
|||||
|
June 30 |
30,000 |
July 1 (2007) |
190,800 |
Sept. 30 |
7,500 |
June 30 |
30,000 |
|
30 |
32,550 |
|
|
Dec. 31 |
7,500 |
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|
|
|
|
|
|
May 31 |
7,500 |
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|
|
|
|
|
|
June 30 |
7,500 |
|
|
|
Income Summary |
|||
|
June 30 |
348,150 |
June 30 |
315,600 |
|
|
|
30 |
32,550 |
Prepare a statement of owner’s equity for the year.