Table 2-1
the Following Is a List of the Accounts

question 12

Essay

Table 2-1
The following is a list of the accounts and their balances appearing in the ledger of Henry Garage Repairs as of December 31, 2019, the company's year end. The accounts are in alphabetical order and have normal balances. $\begin{array} { l r } \text { Accounts payable } & \$ 450 \\\text { Accounts receivable } & 1,250 \\\text { Cash } & 400 \\\text { Equipment } & 12,600 \\\text { Gasoline expense } & 600 \\\text { Ian Henry, Capital } & 6,600 \\\text { Ian Henry, Withdrawals } & 500 \\\text { Notes payable } & 11,000 \\\text { Rent expense } & 1,200 \\\text { Repairs expense } & 650 \\\text { Salary expense } & 700 \\\text { Salary payable } & 100 \\\text { Service revenue } & 8,250 \\\text { Supplies } & 200 \\\text { Supplies expense } & 300 \\\text { Truck } & 8,000\end{array}$
-Refer to Table 2-1. Prepare a Statement of Owner's Equity for Henry Garage Repairs for the year ended December 31, 2019. Assume the capital amount did not change since January 1, 2019.

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Definitions:

Group Security

Measures and strategies employed to ensure the safety and protection of a collective group of people.

Enculturation

The process by which individuals learn and adopt the values, customs, norms, and social practices of their culture through socialization.

Acculturation

The outcome of cultural and psychological transformation stemming from the interaction between different cultures.

Ethnocentrism

The belief in the inherent superiority of one's own ethnic group or culture.