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EX 4-8 Statement of owner’s equity Fouts Systems Co offers its services to residents in the Chicago area. Selected accounts from the ledger of Fouts Systems Co for the current fiscal year ended

EX 4-8 Statement of owner’s equity

Fouts Systems Co. offers its services to residents in the Chicago area. Selected accounts from the ledger of Fouts Systems Co. for the current fiscal year ended October 31, 2012, are as follows:

 

Lisa DuBois, Capital

 

 

Lisa DuBois, Drawing

 

Oct. 31

20,000

Nov. 1 (2011)

550,000

Jan. 31

5,000

Oct. 31

20,000

 

 

Oct. 31

105,000

Apr. 30

5,000

 

 

 

 

 

31-Jul

5,000

 

 

 

 

 

Oct. 31

5,000

 

 

 

 

 

 

 

 

 

 

 

 

Income Summary

 

 

 

 

 

Oct. 31

375,000

Oct. 31

480,000

 

 

 

31

105,000

 

 

 

Prepare a statement of owner’s equity for the year.

May 14 2020 View more View Less

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