Icon Systems Co. offers its services to residents in the Pasadena area. Selected accounts from the ledger of Icon Systems Co. for the current fiscal year ended August 31, 2008, are as follows:
|
Josh Winfrey, Capital |
Josh Winfrey, Drawing |
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|
Aug. 31 |
16,000 |
Sept. 1 (2007) |
573,750 |
Nov. 30 |
4,000 |
Aug. 31 |
16,000 |
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|
|
Aug. 31 |
95,000 |
Feb. 28 |
4,000 |
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|
|
|
|
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May 31 |
4,000 |
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|
|
|
|
|
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Aug. 31 |
4,000 |
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|
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Income Summary |
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|
Aug. 31 |
380,000 |
Aug. 31 |
475,000 |
|
31 |
95,000 |
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Prepare a statement of owner’s equity for the year.