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    pete26's Avatar
    pete26 Posts: 1, Reputation: 1
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    #1

    Jun 20, 2008, 11:59 PM
    Owner`s equity
    Owners Equity in Adjusted Trial balance is 4,000 and in Balance Sheet 4,000. Do I add this in Statement of Owners Capital?
    morgaine300's Avatar
    morgaine300 Posts: 6,561, Reputation: 276
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    #2

    Jun 22, 2008, 01:20 AM
    The statement of owner's equity has to be done before the balance sheet. If the amount on the adjusted trial balance is $4000, it's not going to be $4000 on the balance sheet. The statement of owner's equity will add net income (or subtract net loss) and subtract any withdrawals, for a new end-of-year balance. That number goes on the balance sheet.
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