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The Adjusted Trial Balance of Hanson Hawk Corporation at September

Question 178

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The adjusted trial balance of Hanson Hawk Corporation at September 30, 2010 includes the following accounts: H. Hawk, Capital $27,700; H. Hawk, Drawing $9,750; Sales Revenue $42,800; Insurance Expense $1,950; Salaries Expense $18,000; Rent Expense $3,000; Supplies Expense $650; and Depreciation Expense $1,100. Prepare an owner's equity statement for the year.

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