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Business
Accounting
Statement of Owner's Equity Zack Gaddis owns and operates Gaddis Advertising Services. On January 1, 20Y3, Zack Gaddis, Capital had a balance of $200,100. During the year, Zack invested an additional $10,000 and withdrew $70,000. For the year ended December 31, 20Y3, Gaddis Advertising Services reported a net income of $57,400. Prepare a statement of owner's equity for the year ended December 31, 20Y3. Use the minus sign to indicate negative values. Gaddis Advertising ServicesStatement of Owner's EquityFor the Year Ended December 31, 20Y3     $Zack Gaddis, capital, January 1, 20Y3   $Additional investment during 20Y3     Net income     Withdrawals       Decrease in owner's equity     $Zack Gaddis, capital, December 31, 20Y3

Statement of Owner's Equity Zack Gaddis owns and operates Gaddis Advertising Services. On January 1, 20Y3, Zack Gaddis, Capital had a balance of $200,100. During the year, Zack invested an additional $10,000 and withdrew $70,000. For the year ended December 31, 20Y3, Gaddis Advertising Services reported a net income of $57,400. Prepare a statement of owner's equity for the year ended December 31, 20Y3. Use the minus sign to indicate negative values. Gaddis Advertising ServicesStatement of Owner's EquityFor the Year Ended December 31, 20Y3     $Zack Gaddis, capital, January 1, 20Y3   $Additional investment during 20Y3     Net income     Withdrawals       Decrease in owner's equity     $Zack Gaddis, capital, December 31, 20Y3

FINANCIAL ACCOUNTING
FINANCIAL ACCOUNTING
10th Edition
ISBN:9781259964947
Author:Libby
Publisher:Libby
Chapter1: Financial Statements And Business Decisions
Section: Chapter Questions
Problem 1Q
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Statement of Owner's Equity

Zack Gaddis owns and operates Gaddis Advertising Services. On January 1, 20Y3, Zack Gaddis, Capital had a balance of $200,100. During the year, Zack invested an additional $10,000 and withdrew $70,000. For the year ended December 31, 20Y3, Gaddis Advertising Services reported a net income of $57,400.

Prepare a statement of owner's equity for the year ended December 31, 20Y3. Use the minus sign to indicate negative values.

Gaddis Advertising ServicesStatement of Owner's EquityFor the Year Ended December 31, 20Y3

    $Zack Gaddis, capital, January 1, 20Y3
 
 $Additional investment during 20Y3  
 
 Net income  
 
 Withdrawals  
 
   Decrease in owner's equity
 
   $Zack Gaddis, capital, December 31, 20Y3

 

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