Question: Prepare a statement of owner s equity for The Lindal Clinic
Prepare a statement of owner’s equity for The Lindal Clinic for the year ended December 31. P. Lindal’s capital amount on January 1 was $ 124,000, and there was an additional investment of $ 7,000 on May 12 and withdrawals of $ 31,500 for the year. Net income for the year was $ 20,418.
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