Following is selected financial information for Kojo Company for the year ended December 31, 2015. K. Kojo,

Question:

Following is selected financial information for Kojo Company for the year ended December 31, 2015.

K. Kojo, Capital, Dec. 31, 2015. . . . . . . . . $14,000

K. Kojo, Withdrawals. . . . . . . . . . . . . . . . $1,000

Net income . . . . . . . . . . . . . . . . . . . . . . . . 8,000

K. Kojo, Capital, Dec. 31, 2014 . . . . . . . . 7,000


Required

Prepare the 2015 statement of owner’s equity for Kojo Company.

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Related Book For  book-img-for-question

Fundamental Accounting Principles

ISBN: 978-0077862275

22nd edition

Authors: John Wild, Ken Shaw, Barbara Chiappetta

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