Presented below is information related to the sole proprietorship of Sergio Santos attorney. Legal service revenue2012 $335,000
Question:
Presented below is information related to the sole proprietorship of Sergio Santos attorney.
Legal service revenue—2012 $335,000
Total expenses—2012 211,000
Assets, January 1, 2012 96,000
Liabilities, January 1, 2012 62,000
Assets, December 31, 2012 168,000
Liabilities, December 31, 2012 100,000
Drawings—2012 ?
Instructions
Prepare the 2012 owner’s equity statement for Sergio Santos’ legal practice.
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SERGIO SANTOS ATTORNEY Owners Equity Statement For t...View the full answer
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Related Book For 
Accounting Principles
ISBN: 978-0470534793
10th Edition
Authors: Jerry J. Weygandt, Paul D. Kimmel, Donald E. Kieso
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