Some entities do not report these two sources separately. An unincorporated business owned by a single person is called a proprietorship .

The equity item in a proprietorship is often reported by giving the proprietor’s name, followed by the word “Capital.”

Dora Koop is the proprietor of Koop’s Market. Koop’s Market has total equity of $80,000. Show how the owner’s equity item would look by filling in the blanks.

Dora Koop..