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The adjusted trial balance of Pharoah Company at December 31,2022, includes the following accounts: Owners...

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Accounting

The adjusted trial balance of Pharoah Company at December 31,2022, includes the following accounts: Owners Capital $16,300, Owners Drawings $7,900, Service Revenue $37,600, Salaries and Wages Expense $16,000, Insurance Expense $2,700, Rent Expense $4,600, Supplies Expense $2,400, and Depreciation Expense $1,800. The balance in Owners Capital is the balance as of January 1.
Prepare an owners equity statement for the year assuming net income is $10,100 for the year

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