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13 September, 02:57

Apex Systems Co. offers its services to residents in the Seattle area. Selected accounts from the ledger of Apex Systems Co. for the fiscal year ended December 31, 2016, are as follows: Bart Nesbit, Capital

Dec. 31 91,200 Jan. 1 (2016) 1,340,000

Dec. 31 356,000

Bart Nesbit, Drawing

Mar. 31 22,800 Dec. 31 91,200

June 30 22,800

Sept. 30 22,800

Dec. 31 22,800

Income Summary

Dec. 31 1,437,000 Dec. 31 1,793,000

Dec. 31 356,000

Prepare a statement of owner's equity for the year. No additional investments were made during the year. If a net loss has been incurred or there has been a decrease in owner's equity, enter that amount as a negative number using a minus sign. Be sure to complete the statement heading. Refer to the list of Labels and Amount Descriptions for the exact wording of the answer choices for text entries.

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  1. 13 September, 03:20
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    The preparation of the statement of stockholders' equity at the end of the year is presented below:

    Apex Systems Co.

    Statement of stockholders' equity

    For the fiscal year ended December 31, 2016

    Particulars Common Stock

    Beginning

    Balance $1,340,000

    Add: Net income $356,000

    Less:

    Bart Nesbit, Drawing - $91,200

    Ending balance $1,604,800
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