EX 4-8 Statement of owner’s equity
Fouts Systems Co. offers its services to residents in the Chicago area. Selected accounts from the ledger of Fouts Systems Co. for the current fiscal year ended October 31, 2012, are as follows:
| Lisa DuBois, Capital | Lisa DuBois, Drawing | ||||||
| Oct. 31 | 20,000 | Nov. 1 (2011) | 550,000 | Jan. 31 | 5,000 | Oct. 31 | 20,000 |
| Oct. 31 | 105,000 | Apr. 30 | 5,000 | ||||
| 31-Jul | 5,000 | ||||||
| Oct. 31 | 5,000 | ||||||
| Income Summary | |||||||
| Oct. 31 | 375,000 | Oct. 31 | 480,000 | ||||
| 31 | 105,000 | ||||||
Prepare a statement of owner’s equity for the year.
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