Statement of owners’ equity : This statement reports the beginning owner’s equity and all the changes which led to ending owners’ equity. Additional capital, net income from income statement is added to and drawings are deducted from beginning owner’s equity to arrive at the end result, ending owner’s equity. To prepare : Statement of Owners’ Equity of ST Service for the year ended August 31, 2016

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Chapter 1, Problem 1.5BPE

To determine

Statement of owners’ equity:

This statement reports the beginning owner’s equity and all the changes which led to ending owners’ equity. Additional capital, net income from income statement is added to and drawings are deducted from beginning owner’s equity to arrive at the end result, ending owner’s equity.

To prepare: Statement of Owners’ Equity of ST Service for the year ended August 31, 2016

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