Presented below is information related to the sole proprietorship of Linda Williams, attorney. Legal service...
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Presented below is information related to the sole proprietorship of Linda Williams, attorney. Legal service revenue-2020 Total expenses-2020 Assets, January 1, 2020 Liabilities, January 1, 2020 Assets, December 31, 2020 Liabilities, December 31, 2020 Drawings-2020 $341,000 213,000 95,000 67,000 161,000 108,000 ? Prepare the 2020 owner's equity statement for Linda Williams's legal practice. (List items that increase owner's equity first.) LINDA WILLIAMS, ATTORNEY Owner's Equity Statement For the Year Ended December 31, 2020 Owner's Capital, January 1 28000 Add Net Income / (Loss) 128000 156000 x Less Drawings Owner's Capital, December 31 53000 Click if you would like to Show Work for this question: Open Show Work LINK TO TFYT
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