Question:

Prepare an owners equity statement for the year. The owner did not make any new investments during the year.

Word Bank:

• Accounts Payable
• Accounts Receivable
• Accumulated Depreciation-Buildings
• Accumulated Depreciation-Equipment
• Accumulated Depreciation-Delivery Trucks
• Advertising Expense
• Buildings
• Cash
• Debt Investments
• Delivery Trucks
• Depreciation Expense
• Equipment
• Gasoline Expense
• Income Summary
• Income Tax Expense
• Income Taxes Payable
• Insurance Expense
• Interest Expense
• Interest Payable
• Interest Receivable
• Interest Revenue
• Inventory
• Land
• Long-term Debt
• Long-term Investments
• Maintenance and Repairs Expense
• Miscellaneous Expense
• Mortgage Payable
• No Entry
• Notes Payable
• Notes Receivable
• Owner's Capital
• Owner's Drawings
• Patent Needs
• Prepaid Advertising
• Prepaid Insurance
• Prepaid Rent
• Rent Expense
• Rent Revenue
• Salaries and Wages Expense
• Salaries and Wages Payable
• Service Revenue
• Short-Term Investments
• Stock Investments
• Supplies
• Supplies Expense
• Ticket Revenue
• Unearned Rent Revenue
• Unearned Service Revenue
• Utilities Expense

These financial statement items are for Oriole Company at year-end, July 31, 2022. Salaries and wages payable $2,000 Notes payable (due after 2023) $1,700 51,000 Cash 14,200 Salaries and wages expense Utilities expense 22,300 Accounts receivable 10,900 Equipment 32,000 5,700 Accumulated depreciation equipment Owner's drawings Accounts payable 4,700 3,200 Service revenue 60,500 Depreciation expense 4,500 Rent revenue 8,300 Owner's capital (beginning of the year) 55,200 Prepare an owner's equity statement for the year. The owner did not make any new investments during the year. ORIOLE COMPANY Owner's Equity Statement C. $ >