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Business / Glencoe Accounting: First Year Course, Student Edition 1 / Chapter 9 / Problem 9-5

Glencoe Accounting: First Year Course, Student Edition | 1st Edition | ISBN: 9780078688294 | Authors: Glencoe

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Preparing a Statement of Changes in Owners Equity Instructions Using the work sheet for

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QUESTION:

Preparing a Statement of Changes in Owner’s Equity

Instructions Using the work sheet for Wilderness Rentals in your working papers and the income statement prepared in Problem 9–4, prepare a statement of changes in owner’s equity and a balance sheet. Ronald Hicks made an additional investment in the business of $500 during the period.

Compute the current ratio for Wilderness Rentals as of September 30.

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QUESTION:

Preparing a Statement of Changes in Owner’s Equity

Instructions Using the work sheet for Wilderness Rentals in your working papers and the income statement prepared in Problem 9–4, prepare a statement of changes in owner’s equity and a balance sheet. Ronald Hicks made an additional investment in the business of $500 during the period.

Compute the current ratio for Wilderness Rentals as of September 30.

ANSWER:

Step 1 of 3

Given:- Ronald Hicks made an additional investment in the business of during the period.

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