Question: Given the adjusted trial balance, can you help me correct what I did wrong on my statement of owners equity as well as fill in
Given the adjusted trial balance, can you help me correct what I did wrong on my statement of owners equity as well as fill in the journal the correct way.



b. Prepare a statement of owner's equity for the two months ended July 31, 2019. (Note: Peyton Smith made investments in PS Music on June 1 and July 1, 2019.) If an amount is zero, enter in a "0". { Investments during the two months; wl D Journalize the closing entries. Include Posting References, using the account numbers in your spreadsheet. Refer to your answers from Chapter 4, Part 1 to complete this part. If an amount box does not require an entry, leave it blank. DATE ACCOUNT POST. REF. DEBITCREDIT Fees Earned Pagan Smith: Caeital Office Rent Exgense EguiEment Rent Exense Utilities ExEnse Music Exeense Advertising Exgnse SuEElies Exgense Insurance ExEnse Deereciation Exeense Miscellaneous Exgense ACCOUNT POST. REF. DEBIT CREDIT Peon SmithI Cagital -l-l I m PeLton Smith: Drawing - Cash Accounts Receivable Supplies Prepaid Insurance Ofce Equipment PS Music Adjusted Trial Balance July 31, 2019 Debit Credit Balances Balances Accumulated DepreciationOfce Equipment Accounts Payable Wages Payable Unearned Revenue Peyton Smith, Capital Peyton Smith, Drawing Fees Earned Music Expense Wages Expense Ofce Rent Expense Advertising Expense Equipment Rent Expense Utililjes Expense Supplies Expense Insurance Expense Depreciation Expense Misoellaneous Expense 9,945 4,1 50 225 2,425 2,500 1,250 3,510 2,940 2,550 1,500 1,325 1,215 925 225 so 1,355 42,340 50 3,350 140 3,500 9,000 21,200 42,340
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