Statement of Owner's Equity Xavier Heffner owns and operates Heffner Advertising Services. On January 1, 2018, Xavier Heffner, Capital had a balance of $255,100. During the year, Xavier invested an additional $12,800 and withdrew $89,300. For the year ended December 31, 2018, Heffner Advertising Services reported a net income of $72,300. Prepare a statement of owner's equity for the year ended December 31, 2018. Use the minus sign to indicate negative values.
Statement of Owner's Equity Xavier Heffner owns and operates Heffner Advertising Services. On January 1, 2018, Xavier Heffner, Capital had a balance of $255,100. During the year, Xavier invested an additional $12,800 and withdrew $89,300. For the year ended December 31, 2018, Heffner Advertising Services reported a net income of $72,300. Prepare a statement of owner's equity for the year ended December 31, 2018. Use the minus sign to indicate negative values.
Chapter1: Financial Statements And Business Decisions
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Statement of Owner's Equity
Xavier Heffner owns and operates Heffner Advertising Services. On January 1, 2018, Xavier Heffner, Capital had a balance of $255,100. During the year, Xavier invested an additional $12,800 and withdrew $89,300. For the year ended December 31, 2018, Heffner Advertising Services reported a net income of $72,300.
Prepare a statement of owner's equity for the year ended December 31, 2018. Use the minus sign to indicate negative values.
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