Use the following information in the adjusted trial balance…
Use the following information in the adjusted trial balance for Johnson Company to answer the following questions. Johnson Company Adjusted Trial Balance For the Year ended December 31, 2014 Cash $ 6,530 Accounts Receivable 2,100 Prepaid Expenses 700 Equipment 13,700 Accumulated Depreciation $ 1,100 Accounts Payable 1,900 Notes Payable 4,300 John Johnson, Capital 12,940 John Johnson, Drawing 790 Fees Earned 9,250 Wages Expense 2,500 Rent Expense 1,960 Utilities Expense 775 Depreciation Expense 250 Miscellaneous Expense 185 Totals $29,490 $29,490 Determine the Owner’s Equity ending balance for the period.