Question: Using the data for Herat Travel Service shown in Practice Exercise 1-4A, prepare a statement of owners equity for the current year ended June 30,

Using the data for Herat Travel Service shown in Practice Exercise 1-4A, prepare a statement of owner’s equity for the current year ended June 30, 2008. Lola Stahn invested an additional $20,000 in the business during the year and withdrew cash of $12,000 for personal use.

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