Statement of Owner's Equity Zack Gaddis owns and operates Gaddis Advertising Services. On January 1, 2018,...
Statement of Owner's Equity
Zack Gaddis owns and operates Gaddis Advertising Services. On January 1, 2018, Zack Gaddis, Capital had a balance of $152,400. During the year, Zack invested an additional $7,600 and withdrew $53,300. For the year ended December 31, 2018, Gaddis Advertising Services reported a net income of $69,800.
Prepare a statement of owner's equity for the year ended December 31, 2018. Use the minus sign to indicate negative values.
| Gaddis Advertising Services | ||
| Statement of Owner's Equity | ||
| For the Year Ended December 31, 2018 | ||
| $ | ||
| $ | ||
| $ | ||
Homework Answers
| Gaddis Advertising Services | ||
| Statement of Owner's Equity | ||
| For the Year Ended December 31, 2018 | ||
| Zack Gaddis, capital January 1, 2018 | 152,400 | |
| Additional investment | 7,600 | |
| Net Income | 69,800 | |
| Withdrawals | -53,300 | |
| 24,100 | ||
| Zack Gaddis, capital December 31, 2018 | $176,500 | |
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Statement of Owner's Equity
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