Required: Prepare a statement of owner's equity. Autumn's Home Designs Statement of Owner's Equity For Month...

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Required: Prepare a statement of owner's equity. Autumn's Home Designs Statement of Owner's Equity For Month Ended January 31, 20-- Total investment 100 00 Statement of Owner's Equity The capital account for Autumn Chou, including an additional investment, and a partial work sheet are shown. ACCOUNT Autumn Chou, Capital DATE 20-- Jan. 1 Balance 18 ITEM POST. REF. DEBIT CREDIT ACCOUNT TITLE Cash Accounts Receivable Supplies Prepaid Insurance Office Equipment Rent Expense Supplies Expense Phone Expense Accum. Depr.-Office Equipment Accounts Payable Wages Payable Autumn Chou, Capital Autumn Chou, Drawing Design Fees Wages Expense Advertising Expense Autumn's Home Designs Work Sheet (Partial) For Month Ended January 31, 20-- Electricity Expense Insurance Expense 31 Net Income GENERAL LEDGER Gas and Oil Expense Depr. Expense-Office Equipment Miscellaneous Expense Income Statement DEBIT CREDIT 1,900.00 21.00 600.00 1,200.00 200.00 85.00 48.00 60.00 32.00 50.00 50.00 4,866.00 ACCOUNT NO. 3,200.00 1,600.00 Balance Sheet DEBIT CREDIT 800.00 900.00 2,500.00 BALANCE 1,000.00 DEBIT 50.00 1,950.00 180.00 6,000.00 3,046.00 4,866.00 10,000.00 8,180.00 1,820.00 1,820.00 4,866.00 4,866.00 10,000.00 10,000.00 311 CREDIT 4,800.00 6,000.00 Required: Prepare a statement of owner's equity. Autumn's Home Designs Statement of Owner's Equity For Month Ended January 31, 20-- Total investment 100 00 Statement of Owner's Equity The capital account for Autumn Chou, including an additional investment, and a partial work sheet are shown. ACCOUNT Autumn Chou, Capital DATE 20-- Jan. 1 Balance 18 ITEM POST. REF. DEBIT CREDIT ACCOUNT TITLE Cash Accounts Receivable Supplies Prepaid Insurance Office Equipment Rent Expense Supplies Expense Phone Expense Accum. Depr.-Office Equipment Accounts Payable Wages Payable Autumn Chou, Capital Autumn Chou, Drawing Design Fees Wages Expense Advertising Expense Autumn's Home Designs Work Sheet (Partial) For Month Ended January 31, 20-- Electricity Expense Insurance Expense 31 Net Income GENERAL LEDGER Gas and Oil Expense Depr. Expense-Office Equipment Miscellaneous Expense Income Statement DEBIT CREDIT 1,900.00 21.00 600.00 1,200.00 200.00 85.00 48.00 60.00 32.00 50.00 50.00 4,866.00 ACCOUNT NO. 3,200.00 1,600.00 Balance Sheet DEBIT CREDIT 800.00 900.00 2,500.00 BALANCE 1,000.00 DEBIT 50.00 1,950.00 180.00 6,000.00 3,046.00 4,866.00 10,000.00 8,180.00 1,820.00 1,820.00 4,866.00 4,866.00 10,000.00 10,000.00 311 CREDIT 4,800.00 6,000.00

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