How to solve

C$.$ Set up the "Statement of Owners' Equity" accounts using the general categories to fill in in the shaded areas $($HIINT:

For this problem, you would only use the two accounts listed in the above table under Owner's Equity to present on the

statement. The Owner's Equity is abbreviated as O$.$E$.$ and when it indicates Beg. Balance that is similar to the textbook

where the first day of the month is listed $-$ we will use Beg Balance instead of July $1$ for this problem. Make the same

conclusion the July $31$ would be the End. Balance. Also, the Retained Earnings label below was not correctly included in

the textbook and so it has been provided to you$-$just put that into the answer field in Canvas$).$

D$.$ Create the Balance Sheet by filling in the shaded areas $($HIINT: refer to page $88$ of the textbook. The table on pg$.1$

provides the ending balances for the three assets, two liabilities, and two owner equity account needed for the Bal. Sheet$)$:

PB$2.$ LO $2\mathrm{.}1$ Each situation below relates to an independent company's Owners' Equity. $($HIINT: refer to page $87.$

of the textbook. The Beginning Balance is the same as starting capital. There is a formula in the textbook$)$