Jay Pembroke started a business in April. Prepare a Statement of Owner's Equity using the following balances
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Jay Pembroke started a business in April. Prepare a Statement of Owner's Equity using the following balances for April transactions.
Cash............................................$12,950
Accounts Receivable......................2,000
Office Supplies...............................4,600
Prepaid Insurance...........................1,200
Accounts Payable............................$300
Jay Pembroke, Capital..................18,000
Jay Pembroke, Drawing....................100
Service Fees...................................3,300
Rent Expense....................................750
You will need to calculate the net income for April.
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