Use the facts in Exercise 1-11 to prepare a July statement of changes in equity tor Windsor
Question:
In exercise 1-11
Analysis Component: Identify those activities that caused equity to decrease during July 2014.
Transcribed Image Text:
S1,500 2,000 1,600 2,200 1,800 Owner's investments during Accounts payable Accounts receivable Cash Computer equipment2 Furniture Milton Windsor, capital,.... July 2014 Owner's withdrawals Supplies 1,200 1,000 1,280 300 4,200 Tutors' wages expense1,540 680 Tutoring fees earned June 30, 2014" Office rent expense 7,400 2,500 Utilities expense
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Analysis component Withdrawals of 1000 by the owner Milton Windsor ...View the full answer
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Related Book For
Fundamental Accounting Principles
ISBN: 978-0071051507
Volume I, 14th Canadian Edition
Authors: Larson Kermit, Tilly Jensen
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