A-One Travel Service is owned and operated by Kate Duffner. The revenues and expenses of A-One...

 

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A-One Travel Service is owned and operated by Kate Duffner. The revenues and expenses of A-One Travel Service for the year ended August 31, 20Y6, follow: Fees earned. Office expense Miscellaneous expense. $1,150,000 150,000 45,000 640,000 Wages expense During the year, Kate Duffner invested an additional $15,000 in the business and $50,000 was withdrawn for personal use. Kate Duffner, Capital had a balance of $835,000 as of September 1, 2015. Prepare a statement of owner's equity for the year ended August 31, 2016. A-One Travel Service is owned and operated by Kate Duffner. The revenues and expenses of A-One Travel Service for the year ended August 31, 20Y6, follow: Fees earned. Office expense Miscellaneous expense. $1,150,000 150,000 45,000 640,000 Wages expense During the year, Kate Duffner invested an additional $15,000 in the business and $50,000 was withdrawn for personal use. Kate Duffner, Capital had a balance of $835,000 as of September 1, 2015. Prepare a statement of owner's equity for the year ended August 31, 2016.

Answer rating: 100% (QA)

Sure to prepare the statement of owners equity for AOne Travel Service for the year ended August 31 ... View the full answer