Question: How do I prepare a Statement of Owner's Equity using a Trial Balance such as the one attached? Smyth's Repair Shop Trial Balance December 31

How do I prepare a Statement of Owner's Equity using a Trial Balance such as the one attached?

Smyth's Repair Shop Trial Balance December 31 $ 12,500 1,500 500 Cash Supplies. Repair shop equipment. 1es... . 33,000 $ 2,600 39,525 Smyth, Capita. 125,000 3,425 Rent expense. 6,000 7,200 22000 Gas expense.. $167,125 167,125

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