Prepare a statement of owner's equity using the information provided for Pirate Landing for the month of October 2018. Cash $15,500 Pirate Pete, Capital Oct. 1 56,000 Net loss Oct. 2018 7,600 Owner investments 1,500 Wages payable 3,500 Supplies expense 1,500 Owner withdrawals 100 Pirate Landing Statement of Owner's Equity For the Month Ended October 31, 2018 Pirate Pete, Capital Oct. 1 Increases: Total Increases Decreases: Total Decreases Pirate Pete, Capital October 31 %24 %24

Intermediate Accounting: Reporting And Analysis
3rd Edition
ISBN:9781337788281
Author:James M. Wahlen, Jefferson P. Jones, Donald Pagach
Publisher:James M. Wahlen, Jefferson P. Jones, Donald Pagach
Chapter13: Investments And Long-term Receivables
Section: Chapter Questions
Problem 15P: Investments in Equity Securities Manson Incorporated reported investments in equity securities of...
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Prepare a statement of owner's equity using the information provided for Pirate Landing for
the month of October 2018.
Cash
$15,500
Pirate Pete, Capital Oct. 1
56,000
Net loss Oct. 2018
7,600
Owner investments
1,500
Wages payable
3,500
Supplies expense
1,500
Owner withdrawals
100
Pirate Landing
Statement of Owner's Equity
For the Month Ended October 31, 2018
Pirate Pete, Capital Oct. 1
Increases:
Total Increases
Decreases:
2$
Total Decreases
2$
Pirate Pete, Capital October 31
Transcribed Image Text:Prepare a statement of owner's equity using the information provided for Pirate Landing for the month of October 2018. Cash $15,500 Pirate Pete, Capital Oct. 1 56,000 Net loss Oct. 2018 7,600 Owner investments 1,500 Wages payable 3,500 Supplies expense 1,500 Owner withdrawals 100 Pirate Landing Statement of Owner's Equity For the Month Ended October 31, 2018 Pirate Pete, Capital Oct. 1 Increases: Total Increases Decreases: 2$ Total Decreases 2$ Pirate Pete, Capital October 31
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