The Capital, Withdrawals, and Income Summary accounts for Evas Hair Salon are shown in T account form

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The Capital, Withdrawals, and Income Summary accounts for Eva€™s Hair Salon are shown in T account form at the top of the next page. The closing entries have been recorded for the year ended December 31, 2010.

Prepare a statement of owner€™s equity for Eva€™s HairSalon.

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Principles of Accounting

ISBN: 978-1439037744

11th Edition

Authors: Needles, Powers, crosson

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Question Posted: Feb 23, 2012 12:29 AM

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The Capital, Withdrawals, and Income Summary accounts for Evas Hair Salon are shown in T account form

Question:

E. KRISTEN, CADITAL Dr 12/31/0 4,500 Cr. 12/31/09 13,000 12/31/10 9,500 Bal. 18,000 INCOME SUMMARY Dr. 12/31/10 21,500 12/31/10 9,500 Bal 12/31 10 31,000 E. KRISTEN, WITHDRAWALS Dr. 41/10 1500 7/1/10 1500 101/0 1.500 Cr. 12/31/10 4,500 Bal

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Principles of Accounting

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