Statement of Owner's Equity 1. From the partial work sheet, prepare a statement of owner's equity, assuming no additional investment was made by the owner. Major Advising Work Sheet (Partial) For Month Ended January 31, 20- Account Title Cash Accounts Receivable Supplies Prepaid Insurance Office Equipment Accum. Depr.-Office Equipment Accounts Payable Wages Payable Ed Major, Capital Ed Major, Drawing Advising Fees Wages Expense Advertising Expense Rent Expense Supplies Expense Phone Expense Electricity Expense Insurance Expense Gas and Oil Expense Depr. Expense-Office Equipment Miscellaneous Expense Net Income Income Statement Balance Sheet Debit Credit Debit Credit 1,352 922 332 872 3,540 742 92 452 127 64 48 87 43 184 19 1,858 2,263 4,121 4,121 910 184 1,029 317 4,135 4,121 7,928 5,665 2,263 4,121 7,928 7,928