Question completion Status QUESTION 1 Apolin Question one: (4 points) On January 1, 2009. Bill King began Best Answers, a consulting firm, with an initial investment of $100,000 cash On December 31, 2009, the records of the firm showed the following items and amounts: Accounts payable..... Accounts receivable...... Cash... Fees earned. Notes payable. $24,000 46,000 34,400 60,000 8,500 Office equipment Owner's withdrawals...... Rent expense. Salaries expense Telephone expense...... $80,000 12,000 7,200 12,400 500 Required: From the information given above, prepare statement of owner's equity for year ended on December 31, 2009. Answer: Best Answers Statement of Owner's Equity For year ended December 31, 2009 Save Alwers Click Save and Submit to save and submit. Click Save All Answers to save all answers