The adjusted trial balance data given below is from the Saugatuck Craft's worksheet for the year ended December 31, 2013. The firm had a net loss of $30,000 for the year. Prepare a statement of owner's equity for the year. No additional investments were made during the period. $$\begin{array}{l}
\text { ADJUSTED TRIAL BALANCE }\
\begin{array} { | l | r | r | }
\hline { \text { ACCOUNT NAME } } & \text { DEBIT } & { \text { CREDIT } } \
\hline \text { Sally Saugatuck, Capital } & & 52,000 \
\hline \text { Sally Saugatuck, Drawing } & 3,000 & \
\hline
\end{array}
\end{array}$$

Question

The adjusted trial balance data given below is from the Saugatuck Craft's worksheet for the year ended December 31, 2013. The firm had a net loss of $30,000 for the year. Prepare a statement of owner's equity for the year. No additional investments were made during the period. $$\begin{array}{l}
\text { ADJUSTED TRIAL BALANCE }\
\begin{array} { | l | r | r | } 
\hline  { \text { ACCOUNT NAME } } & \text { DEBIT } &  { \text { CREDIT } } \
\hline \text { Sally Saugatuck, Capital } & & 52,000 \
\hline \text { Sally Saugatuck, Drawing } & 3,000 & \
\hline
\end{array}
\end{array}$$

Quizplus · Accepted Answer

The Answer of The adjusted trial balance data given below is from the Saugatuck Craft's worksheet for the year ended December 31, 2013. The firm had a net loss of $30,000 for the year. Prepare a statement of owner's equity for the year. No additional investments were made during the period. $$\begin{array}{l}
\text { ADJUSTED TRIAL BALANCE }\
\begin{array} { | l | r | r | } 
\hline  { \text { ACCOUNT NAME } } & \text { DEBIT } &  { \text { CREDIT } } \
\hline \text { Sally Saugatuck, Capital } & & 52,000 \
\hline \text { Sally Saugatuck, Drawing } & 3,000 & \
\hline
\end{array}
\end{array}$$

The Adjusted Trial Balance Data Given Below Is from the Saugatuck