Question: The adjusted trial balance data given below is from the Hampton Companys worksheet for the year ended December 31, 2019. The firm had net income
The adjusted trial balance data given below is from the Hampton Companys worksheet for the year ended December 31, 2019. The firm had net income of $47,000 for the year. No additional investments were made during the period. ADJUSTED TRIAL BALANCE ACCOUNT NAME DEBIT CREDIT Lloyd Hampton, Capital (Jan. 1) 76,000 Lloyd Hampton, Drawing 31,500 Prepare a statement of owner's equity for the year ended December 31, 2019. (Input all amounts as positive values.)
Step by Step Solution
There are 3 Steps involved in it
Get step-by-step solutions from verified subject matter experts
