I need help... If a woman is running a part-time business out of her house and she decides that she wants this to be full time business out of a rented building. Her assets equal out to $30,000, cash 13,100, accounts receivable 3,000, supplies, 1,400, and office equipment is 12,500. So when you are doing the statement of owner's equity would you have the first line as Jane Doe, capital 3/1 of 30,000? Or would the first line Jane Doe, capital 3/1 $0, and the second line state Investment on 3/1 of $30,000. I did the problem with capital of $30,000, and my study group states that I am doing the problem wrong. So can someone please help...
