Statement of Owner's Equity Yolanda Weaver owns and operates Weaver Advertising Services. On January 1, 2018,...
Statement of Owner's Equity
Yolanda Weaver owns and operates Weaver Advertising Services. On January 1, 2018, Yolanda Weaver, Capital had a balance of $274,300. During the year, Yolanda invested an additional $13,700 and withdrew $96,000. For the year ended December 31, 2018, Weaver Advertising Services reported a net income of $131,500.
Prepare a statement of owner's equity for the year ended December 31, 2018. Use the minus sign to indicate negative values.
| Weaver Advertising Services | ||
| Statement of Owner's Equity | ||
| For the Year Ended December 31, 2018 | ||
| 1 | $ | |
| 2 | $ | |
| 3 | ||
| 4 | ||
| 5 | ||
| 6 | $ | |
1. Options are
- Additional investment during 2018
- Yolanda Weaver, capital, December 31, 2018
- Yolanda Weaver, capital, January 1, 2018
- Withdrawals
- Net income
2.
- Additional investment during 2018
- Yolanda Weaver, capital, December 31, 2018
- Yolanda Weaver, capital, January 1, 2018
- Cash
3.
- Yolanda Weaver, capital, December 31, 2018
- Yolanda Weaver, capital, January 1, 2018
- Net loss
- Net income
4.
- Yolanda Weaver, capital, December 31, 2018
- Yolanda Weaver, capital, January 1, 2018
- Withdrawals
5.
- Additional investment during 2018
- Yolanda Weaver, capital, December 31, 2018
- Decrease in owner's equity
- Increase in owner's equity
6.
- Additional investment during 2018
- Yolanda Weaver, capital, December 31, 2018
- Yolanda Weaver, capital, January 1, 2018
- Withdrawals
- Net income
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Statement of Owner's Equity
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