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svetlana [45]
2 years ago
13

On December 31, Hawkin's records show the following accounts.

Business
1 answer:
quester [9]2 years ago
8 0

Preparation of statement of owner's equity for Hawkin for the month ended December 31.

<h3>What is owner's equity?</h3>

Owner's equity is the  amount of money that would be returned to a company's shareholders if all of the assets were liquidated and all of the company's debt was paid off in the case of liquidation.

Owner's Equity = Assets – Liabilities

Assets

Cash $ 8,300

Accounts Receivable 1,100

Supplies $2,800

Equipment 15,100

Total Assets                          $27,300

Liabilities

Accounts Payable 7,600

Withdrawals  2,100

Total liabilities                      ($9,700)

Owner's equity                    $17,600

Learn more about owner's equity here : brainly.com/question/11110287

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