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The following information should be used for questions.
The figure below shows the transactions for Sawyer Architecture Services during June. Greg Sawyer opened this business on June 1 with a capital investment of $78,000 (Transaction 1).
-Prepare the statement of owner's equity for Sawyer Architecture Services for the month ended June 30, 2019.
Dividends Account
An account in the general ledger that records the amount of dividends declared by a company to be paid to shareholders.
Common Stock Account
An equity account that represents the amount of shares owned by shareholders in a corporation.
Temporary Accounts
Accounts used to record transactions for only a single accounting period, which are then reset or closed at the period's end, such as revenues, expenses, and dividends.
Supplies
Items used in the operation of a business that are not directly related to the production of goods or services, such as office supplies.
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