4.05 Statement of Owner’s Equity

Task

Download and complete 4.05 Statement of Owner's Equity.

Prepare a Statement of Changes in Owner's Equity on the 4.05 Statement of Owner's Equity worksheet. Be sure to complete part one and two, they are seperate worksheets.

Part 1

Mr. José is running a retail stationery shop entitled Perfect Paper and his capital on March 1st, 2020 is $10,000. He invested additional capital of $2,000 on March 5th and his net income for the month of March 2020 is $3,000. His withdrawals for the month are $4,000. Be sure to provide a proper heading and calculate Ending Capital.

Part 2

Tyler Timber Logging Co. had capital on April 1st, 2020 of $50,000. The owner invested additional capital of $5,000 on April 20; and his net loss for the month of April 2020 is $1,000. The owner took no withdrawals for the month. Be sure to provide a proper heading and calculate Ending Capital.

Be sure that you access both worksheets in the Excel file. There are 2 tabs at the bottom of the page that say Part 1 and Part 2 you will need to click on both.

Submit your completed work to the 4.05 Statement of Owner's Equity Dropbox.