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Prepare mrs shahs cookies statement of owners equity

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Reference no: EM13884493

Statement of owner's equity

Accounting Connection Information from Mrs. Shah's Cookies' statement of owner's equity for 2014 follows.

Withdrawals

$ 0

Net income

?

Owner's equity, January 31, 2014

159,490

Owner's equity, January 31, 2013

102,403

Prepare Mrs. Shah's Cookies' statement of owner's equity. You will need to solve for the amount of net income. What is owner's equity? Why might the owner decide not to make any withdrawals from the company?

Reference no: EM13884493

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