From the partial work sheet on the next page, prepare a statement of owner's equity, assuming no additional investment was made by the owner.

Adams Shoe Shine Work Sheet (Partial) For Month Ended June 30, 20- NCOME STATEMENT ALANCE SHEET ACCOUNT TITLE DEBIT 1 Cash 2Accounts Receivable 3 Supplies 4 Prepaid Insurance 5 Office Equipment 6 Accum.DeprOffice Equipment 7 Accounts Payable 8 Wages Payable 9 Mary Adams, Capital 10 Mary Adams, Drawing 11 Serice Fees 12 Wages Expense 13 Advertising Expense 14 Rent Expense 15 Supplies Expense 16 Telephone Expense 17 Utilities Expense 18 Insurance Expense 19 Gas and Oil Expense 20 Depr. Expense-Office Equipment 21 Miscellaneous Expense 3 2 6 2 00 2 4 4 00 8 0 0 00 6 4 0 00 21 0 0 00 10006 8 5 0 00 7 2 6 000 8 6000 009 10 2000 00 4 8 1 3 00 10 8000 3 4 00 9 0 0 00 3 2 2 00 3 3 00 10 2 00 1 2 0 00 8 8 00 1 1 0 00 9 8 00 12 13 14 15 16 17 19 98 7 00 48 1 300 1004 6 00 8 2 2 0 00 22 18 2 6 00 23 4 8 1 3 00 481 3 00 100 4 6 00 10 0 4 6 00 24 18 2 6 00 23 Net Income 24