Presented below is information related to the sole proprietorship of Kurt Cooper, attorney.Legal service revenue2022 ...........$360,000 Total

Question:

Presented below is information related to the sole proprietorship of Kurt Cooper,
attorney.Legal service revenue—2022 ...........$360,000
Total expenses—2022 ........................................211,000
Assets, January 1, 2022 ........................................85,000
Liabilities, January 1, 2022 ..................................62,000
Assets, December 31, 2022 .............................168,000
Liabilities, December 31, 2022 ..........................70,000
Drawings—2022 ..........................................................?


Instructions
Prepare the 2022 owner’s equity statement for Kurt Cooper’s legal practice.

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Related Book For  book-img-for-question

Accounting Tools For Business Decision Making

ISBN: 9781119571056

7th Edition

Authors: Paul D. Kimmel, Jerry J. Weygandt, Donald E. Kieso

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