Statement of Owner's Equity Zack Gaddis owns and operates Gaddis Advertising Services. On January 1, 2013, Zack Gaddis, Capital had a balance of $172,550. During the year, Zack invested an additional $8,600 and withdrew $60,400. For the year ended December 31, 2013, Gaddis Advertising Services reported a net income of $50,100. Prepare a statement of owner's equity for the year ended December 31, 20Y3. Use the minus sign to indicate negative values. Gaddis Advertising Services Statement of Owner's Equity For the Year Ended December 31, 20Y3 Zack Gaddis, capital, January 1, 2013 Additional investment during 2013 Net income -V Withdrawals ✓ ✓ ✓ ✓ Decrease in owner's equity Zack Gaddis, capital, December 31, 2013 ✔ 1000 00
Statement of Owner's Equity Zack Gaddis owns and operates Gaddis Advertising Services. On January 1, 2013, Zack Gaddis, Capital had a balance of $172,550. During the year, Zack invested an additional $8,600 and withdrew $60,400. For the year ended December 31, 2013, Gaddis Advertising Services reported a net income of $50,100. Prepare a statement of owner's equity for the year ended December 31, 20Y3. Use the minus sign to indicate negative values. Gaddis Advertising Services Statement of Owner's Equity For the Year Ended December 31, 20Y3 Zack Gaddis, capital, January 1, 2013 Additional investment during 2013 Net income -V Withdrawals ✓ ✓ ✓ ✓ Decrease in owner's equity Zack Gaddis, capital, December 31, 2013 ✔ 1000 00
Chapter1: Financial Statements And Business Decisions
Section: Chapter Questions
Problem 1Q
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