Question: Using the data for Leotard Travel Service shown in Practice Exercise 1-4B, prepare a statement of owners equity for the current year ended February 28,

Using the data for Leotard Travel Service shown in Practice Exercise 1-4B, prepare a statement of owner’s equity for the current year ended February 28, 2008. Harry Thompson invested an additional $18,000 in the business during the year and withdrew cash of $10,000 for personal use.

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