Question: Homework Problem 1-4A Preparing a statement of owner's equity LO P2 As of December 31, 2017. Armani Company's financial records show the following items and

 Homework Problem 1-4A Preparing a statement of owner's equity LO P2

Homework Problem 1-4A Preparing a statement of owner's equity LO P2 As of December 31, 2017. Armani Company's financial records show the following items and amounts $11.96 10,900 7.900 6.900 26,800 Accounts receivable Supplies Equipment Accounts payable A. Armani, Capital, Dec. 31, 2016 A. Armani, Capital, Dec. 31, 2017 A. Armani, withdrawals Consulting revenue Rental revenue Salaries expense Rent expense Selling and administrative expen 10,800 14,989 25,880 21.909 13, see Required: Prepare a yearend statement of owner's equity for Armani Company. Hint Notice the owner invested $2,900 cash during the year. ARMANI COMPANY Statement of Owner's Equity For Year Ended December 31, 2017 A. Armani, Capital, December 31, 2016 TAdd Owner's Investment A Armani. Capital, December 31, 2017

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