Question: Jackrabbit Systems Co. offers its services to residents in the Santa Cruz area. Selected accounts from the ledger of Jackrabbit Systems Co. for the current

Jackrabbit Systems Co. offers its services to residents in the Santa Cruz area. Selected accounts from the ledger of Jackrabbit Systems Co. for the current fiscal year ended March 31, 2010, are as follows:

Prepare a statement of owner's equity for the year.

Terry Collins, Capital Apr. 1 (2009) Mar. 31 Terry Collins, Drawing June 30 32,000 Mar. 31 32,000 Mar. 31 611,900 8,000 8,000 8,000 8,000 Sept. 30 Dec. 31 Mar, 31 Income Summary 920,000 Mar. 31 31 Mar, 31 320,000

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