The adjusted trial balance data given below is from the Saugatuck Craft's worksheet for the year ended December 31, 2019. The firm had a net loss of $30,000 for the year. Prepare a statement of owner's equity for the year. No additional investments were made during the period.
Definitions:
Consumer Financial Protection Bureau
A regulatory agency charged with overseeing financial products and services offered to consumers.
Full Warranty
A guarantee without limitations covering a product's repair or replacement.
Consumer Product
A consumer product is a good or service that is intended for use by end consumers for personal, family, or household purposes.
Manufacturer
A person or company that makes goods for sale, especially in large quantities and as a commercial operation.
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