Question

The owner’s equity section of the balance sheet should appear as
A. Owner’s Equity C. Owner’s Equity
P. Woodsley, Capital Woodsley, Capital
Plus Net Profit Less Drawing
Less P. Woodsley, Drawing Plus Net Profit
Total Owner’s Equity Total Owner’s Equity
B. Owner’s Equity D. Owner’s Equity
P. Woodsley, Capital Less Drawing
Less Drawing Plus Net Profit
Net Profit Total Owner’s Equity