Question: 14) Using the following worksheet for Alcazar Services, prepare a statement of owner's equity. Alcazar Services Worksheet December 31, 2023 Unadjusted Adjusted Income Balance Trial
14) Using the following worksheet for Alcazar Services, prepare a statement of owner's equity. Alcazar Services Worksheet December 31, 2023 Unadjusted Adjusted Income Balance Trial Balance Adjustments Trial Balance Statement Sheet Debit Credit Debit Credit Debit Credit Debit Credit Debit Credit Cash 1,700 1,700 1,700 Accounts Receiv. 8,500 2,000 10,500 10,500 Supplies 100 80 20 20 Equipment 7,500 7,500 7,500 Accum. Amort. 2,000 240 2,240 2,240 Accounts Payable 1,200 1,200 1,200 Salary Payable 800 180 980 980 Unearned Revenue 600 600 600 Owner Capital 3,400 3,400 3,400 Owner Withdraw. 2,300 2,300 2,300 Service Revenue 40,000 2,000 42,000 42,000 Salary Expense 24,000 180 24,180 24,180 Supplies Expense 2,300 80 2,380 2,380 Amort. Expense 1,600 240 1,840 1,840 Total 48,000 48,000 2,500 2,500 50,420 50,420 28,400 42,000 22,020 8,420 Net income/(loss) 13,600 13,600 Total 42,000 42,000 22,020 22,020 Answer: Alcazar Services Statement of Owner's Equity For the Year Ended December 31, 2023 Alcazar Capital, January 1, 2023 $---- Net income ----- ----- Withdrawals (----) Alcazar Capital, December 31, 2023 $
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