Data for Kennedy Realty are as follows:
$$\begin{array} {| l | l |}
\hline\text { Total asets at January } 1 & \$ 100,000 \
\hline \text { Total liabilities at January } 1 & 35,000 \
\hline \text { Total revenues for the year } & 79,000 \
\hline \text { Total expenses for the year } & 47,000 \
\hline
\end{array}$$ The owner, Finn Kennedy, withdrew a total of $30,000 for personal use during the year. Using the above data, prepare Kennedy Realty's Statement of Owner's Equity for the year ended December 31.

Question

Data for Kennedy Realty are as follows:
 $$\begin{array} {| l | l |} 
\hline\text { Total asets at January } 1 & \$ 100,000 \
\hline \text { Total liabilities at January } 1 & 35,000 \
\hline \text { Total revenues for the year } & 79,000 \
\hline \text { Total expenses for the year } & 47,000 \
\hline
\end{array}$$  The owner, Finn Kennedy, withdrew a total of $30,000 for personal use during the year. Using the above data, prepare Kennedy Realty's Statement of Owner's Equity for the year ended December 31.

Quizplus · Accepted Answer

The Answer of Data for Kennedy Realty are as follows:
 $$\begin{array} {| l | l |} 
\hline\text { Total asets at January } 1 & \$ 100,000 \
\hline \text { Total liabilities at January } 1 & 35,000 \
\hline \text { Total revenues for the year } & 79,000 \
\hline \text { Total expenses for the year } & 47,000 \
\hline
\end{array}$$  The owner, Finn Kennedy, withdrew a total of $30,000 for personal use during the year. Using the above data, prepare Kennedy Realty's Statement of Owner's Equity for the year ended December 31.

Data for Kennedy Realty Are as Follows The Owner, Finn Kennedy, Withdrew a Total of $30,000 for |