EX 4-9 Statement of owner’s equity; net loss
Selected accounts from the ledger of Balboa Sports for the current fiscal year ended June 30, 2012, are as follows:
|
Erica Kilty, Capital |
Erica Kilty, Drawing |
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|
June 30 |
42,000 |
July 1 (2011) |
398,500 |
Sept. 30 |
2,500 |
June 30 |
10,000 |
|
30 |
10,000 |
Dec. 31 |
2,500 |
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|
May 31 |
2,500 |
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|
June 30 |
2,500 |
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|
Income Summary |
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|
June 30 |
402,000 |
June 30 |
360,000 |
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|
30 |
42,000 |
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Prepare a statement of owner’s equity for the year.