T. Pharoah made an additional investment in the business of $9,920 in March. Prepare an owner’s equity statement for the month of March. (List items that increase owner's equity first.) PHAROAH ROOFING Owner’s Equity Statement choose the accounting period For the Month Ended March 31, 2022 select an opening name Owner’s Capital, March 1 $enter a dollar amount 9920 select between addition and deduction Add : select an item Net Income / (Loss) enter a dollar amount 3220 select an item Investments enter a dollar amount enter a subtotal of the two previous amounts enter a total amount for the first part select between addition and deduction Less : select an item Owner’s Capital, March 1 enter a dollar amount 1020 select a closing name Owner’s Capital, March 1 $enter a total amount 2200

Cash		4,000
Accounts Receivable		3,700
Supplies		1,630
Equipment		11,440
Accumulated Depreciation—Equipment				1,300
Accounts Payable				2,210
Unearned Service Revenue				510
Owner’s Capital				12,820
Owner’s Drawings		1,020
Service Revenue				6,700
Salaries and Wages Expense		1,270
Miscellaneous Expense		480
		23,540		23,540

Other data:

1.		A physical count reveals only $400 of roofing supplies on hand.
2.		Depreciation for March is $260.
3.		Unearned revenue amounted to $150 at March 31.
4.		Accrued salaries are $600.

Answer rating: 100% (QA)

ANSWER PHAROAH ROOFING Owners Equity Stat... View the full answer