Question: Need help with Statement of Owners Equity Labels and Amount Descriptions Labels For the Month Ended April 30, 20Y7 For the Year Ended April 30,


Labels and Amount Descriptions Labels For the Month Ended April 30, 20Y7 For the Year Ended April 30, 20Y7 Amount Descriptions Additional investment by owner during year Decrease in owner's equity Increase in owner's equity Withdrawals Net income for the year Net loss for the year Jerome Foley, capital, May 1, 20 Y6 Jerome Foley, capital, April 30, 20Y7 Statement of Owner's Equity Up-in-the-Air Travel Service Statement of Owner's Equity For the Year Ended April 30, 20Y7 1 2 3 4 5 6 The tevenues and expenses of Up-in-the-Air Travel Service for the year ended April 30, 20Y7, follow: Prepare a statement of owner's equily for the year ended April 30,20y. Jerome Foley, the owner, invested an additional 49,000 in the Bushess during ihe year and withbew cash of $29,000 for personal use. Jerorne Foley, capital as of May 1, 20Y6, was $679,000. Be sure to complefe the statement heading. Refer to the lists of Labeir and Amount Descrpeore for the exact wording of the answer choices for text entries. If required, use the mines sign to indicate any decreases in equaly
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