The capital account for Autumn Chou, including an additional investment, and a partial work sheet are shown below.

REQUIRED

Prepare a statement of owner'sequity.

Transcribed Image Text:

GENERAL LEDGER ACCOUNT: Autumn Chou, Capital ACCOUNT N. 311 LALANCE POST. DATE ITEM DEBIT DEBIT CREDIT 20- 1 Balance 4|8 0000 Jan. 1200 00 600000 18 Autumn's Home Designs Work Sheet (Partial) For Month Ended January 31, 20- INCOME STATEMENT BALANCE SHET ACCOUNT TITLE DEBIT CREDIT DERIT CREDT 1 Cash 2 Accounts Receivable 3 Supplies 4 Prepaid Insurance 5 Ofice Equipment 6 Accum. Depr.-Office Equipment 7 Accounts Payable 8 Wages Payable 9 Autumn Chou, Capital 10 Autumn Chou, Drawing 11 Design Fees 12 Wages Expense 13 Advertising Expense 14 Rent Expense 15 Supplies Expense 16 Telephone Expense 17 Electricity Expense 18 Insurance Expense 32 00 00 16 00 00 8 0 0 00 9 00 00 3 4 25 00 00 50 00 6 19 50 00 7 1 80 00 8 6 0 0 0 00 9 10 0 0 00 10 48 6 6 00 11 19 0 0 00 2|1 00 6 00 00 12 13 14 2 00 00 8 5 00 48 00 6 0 00 32 00 50 00 50 00 30 4 6 00 15 16 17 18 19 Gas and Oil Expense 20 Depr. ExpenseOffice Equipment 21 | Miscellaneous Expense 19 20 21 48 6 6 00 10 0 0 0 00 81 80 00 22 18 20 00 23 10 0 0 o 00 24 22 23 Net Income 18 20 00 48 6 6 00 48 66 00 10 o 0 0 00 24 Iellelelalr