Question: Required information Use the following information for the Problems below. (Algo) Skip to question [The following information applies to the questions displayed below.] As of
Required information
Use the following information for the Problems below. (Algo)
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[The following information applies to the questions displayed below.] As of December 31 of the current year, Armani Companys records show the following. Hint: The owner invested $1,300 cash during the year.
| Cash | $ 10,300 |
|---|---|
| Accounts receivable | 9,300 |
| Supplies | 6,300 |
| Equipment | 5,300 |
| Accounts payable | 11,600 |
| Armani, Capital, December 31, prior year | 16,300 |
| Armani, Capital, December 31, current year | 19,600 |
| Armani, Withdrawals | 13,300 |
| Consulting revenue | 33,600 |
| Rental revenue | 22,600 |
| Salaries expense | 20,300 |
| Rent expense | 12,300 |
| Selling and administrative expenses | 8,300 |
Problem 1-4A (Algo) Preparing a statement of owner's equity LO P2
Required: Prepare the statement of owner's equity for Armani Company for the current year ended December 31.
Problem 1-4A (Algo) Preparing a statement of owner's equity LO P2 Required: Prepare the statement of owner's equity for Armani Company for the current year ended December 31. ARMANI COMPANY Statement of Owner's Equity For Current Year Ended December 31 Armani, Capital, December 31, prior year 0 Armani, Capital, December 31, current year $ 0
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