Using the data for Leotard Travel Service shown in Practice Exercise 1-4B, prepare a statement of owners

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Using the data for Leotard Travel Service shown in Practice Exercise 1-4B, prepare a statement of owner’s equity for the current year ended February 28, 2008. Harry Thompson invested an additional $18,000 in the business during the year and withdrew cash of $10,000 for personal use.

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Accounting

ISBN: 978-0324401844

22nd Edition

Authors: Carl S. Warren, James M. Reeve, Jonathan E. Duchac

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