The Cubby Bear is a proprietorship owned by Shawon Dunston. For the year ended December...
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Accounting
The Cubby Bear is a proprietorship owned by Shawon Dunston. For the year ended December 31, 2016, the net income of the bar operation was $59,000. During that year, Shawon invested $19,000 and withdrew $30,000. The financial records show that the bookkeeping account called Capital, Shawon Dunston had a balance of $14,000 on December 31, 2015. Prepare a statement of owners equity for the year ended December 31, 2016.
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