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The worksheet of Bridget's Office Supplies contains the following revenue, cost, and expense accounts. The merchandise...

Question

The worksheet of Bridget's Office Supplies contains the following revenue, cost, and expense accounts. The merchandise...

The worksheet of Bridgets Office Supplies contains the following revenue, cost, and expense accounts. The merchandise invent

643 Depreciation Expense-Office Equipment 646 Uncollectible Accounts Expense 691 Interest Expense 410 Dr. 560 Dr. 420 Dr. The

The worksheet of Bridget's Office Supplies contains the following revenue, cost, and expense accounts. The merchandise inventory amounted to $58,175 on January 1, 2019, and $51,125 on December 31, 2019. The expense accounts numbered 611 through 617 represent selling expenses, and those numbered 631 through 646 represent general and administrative expenses. Accounts 401 Sales 451 Sales Returns and Allowances 491 Miscellaneous Income 501 Purchases 502 Freight In 503 Purchases Returns and Allowances 504 Purchases Discounts 611 Salaries Expense-Sales 614 Store Supplies Expense 617 Depreciation Expense-Store Equipment 631 Rent Expense 634 Utilities Expense 637 Salaries Expense-Office 640 Payroll Taxes Expense 643 Depreciation Expense-Office Equipment 646 Uncollectible Accounts Expense 691 Interest Expense $ 244,400 Cr. 4,190 Dr. 240 Cr. 102,000 Dr. 1,815 Dr. 3,440 Cr. 1,640 Cr. 43,700 Dr. 2,150 Dr. 1,350 Dr. 11,9e0 Dr. 2,840 Dr. 19,5e0 Dr. 4,400 Dr. 410 Dr. 560 Dr. 420 Dr. The worksheet of Bridget's Office Supplies contains the following owner's equity accounts. No additional investments were made during the period. Accounts 301 Bridget Swanson, Capital 302 Bridget Swanson, Drawing $62,160 Cr. 41,000 Dr. Net income for the year $47,435. Prepare a statement of owner's equity for the year ended December 31, 2019. BRIDGETS OFFICE SUPPLIES
643 Depreciation Expense-Office Equipment 646 Uncollectible Accounts Expense 691 Interest Expense 410 Dr. 560 Dr. 420 Dr. The worksheet of Bridget's Office Supplies contains the following owner's equity accounts. No additional investments were made during the period. Accounts 301 Bridget Swanson, Capital 302 Bridget Swanson, Drawing $62,160 Cr. 41,000 Dr. Net income for the year $47.435. Prepare a statement of owner's equity for the year ended December 31, 2019. BRIDGETS OFFICE SUPPLIES Statement of Owner's Equity

Answers

Bridget's office supplies

Statement of owner's equity

Year ended December 31 2019

Particulars

$

$

Bridget swanson capital, janaury 1 2019

62160

Net income for the year

47435

Less: withdrawls for the year

-41000

Increase in capital

6435

Bridget swanson capital december 2019

68595


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