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financial information related to pickerel company a proprietorship for the month end 636776

Financial information related to Pickerel Company, a proprietorship, for the month ended June 30, 2008, is as follows:

Net income for June

$196,350

Lynn Jepsen’s withdrawals during June

15,000

Lynn Jepsen, capital, June 1, 2008

682,900

Prepare a statement of owner’s equity for the month ended June 30, 2008.

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