Merian Company Has Just Completed Operations for the Year Ended

question 55

Essay

Merian Company has just completed operations for the year ended December 31,2018.This is the second year of operations for the company.The company is a sole proprietorship.The following data have been assembled for the business at December 31,2018.
$$\begin{array} { | l | r|r | r | } \hline \text { Accounts Payable } & \$ 12,200 & \text { Office Expense } & \$ 6,500 \\\hline \text { Accounts Receivable } & 14,500 & \text { Rent Expense } & 9,600 \\\hline \text { Cash } & 8,200 & \text { Merian, Capital, Jan. 1,2018 } & 17,300 \\\hline \text { Merian, Withdrawals } & 13,500 & \text { Salaries Expense } & 36,000 \\\hline \text { Equipment } & 15,000 & \text { Service Revenue } & 84,000 \\\hline \text { Insurance Expense } & 4,000 & \text { Utilities Expense } & 6,200 \\\hline\end{array}$$ Prepare the statement of owner's equity for the year.There were no new capital contributions during the year.Use a proper heading.

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Definitions:

Emotional-Sexual Relationships

Connections between individuals that encompass both emotional bonds and sexual intimacy.

Bisexuals

Individuals who are attracted to both men and women, not necessarily to the same degree, nor at the same time.

Sexual Identity

The complex set of personal qualities, self-perceptions, attitudes, values, and preferences that guide one’s sexual behavior.

Self-Perceptions

How individuals view themselves, including their belief in their abilities, characteristics, and value.