The Capital, Withdrawals, and Income Summary accounts for Axel's Hair Salon are shown in T account form
Question:
A. TYLER, CAPITAL
Prepare a statement of owner's equity for Axel's Hair Salon?
Transcribed Image Text:
12/31/x7 4,500 12/31/x6 13,000 12/31/x7 9,500 18,000 Bal INCOME SUMMARY 12/31/x7 12/31/x7 Bal. 21,500 12/31/x7 31,000 9,500 A. TYLER, WITHDRAWALS 4/1/x7 7/1/x7 10/1/x7 Bal. 1,500 12/31/x7 4,500 1,500 1,500
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Related Book For
Principles of Accounting
ISBN: 978-0618736614
10th edition
Authors: Belverd Needles, Marian Powers, Susan Crosson
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