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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

Financial Accounting: The Impact on Decision Makers
Financial Accounting: The Impact on Decision Makers
10th Edition
ISBN:9781305654174
Author:Gary A. Porter, Curtis L. Norton
Publisher:Gary A. Porter, Curtis L. Norton
Chapter2: Financial Statements And The Annual Report
Section: Chapter Questions
Problem 2.9E: Statement of Retained Earnings Landon Corporation was organized on January 2, 2014, with the...
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Statement 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, 2013. 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 Withdrawals ✓ ✓ Decrease in owner's equity Zack Gaddis, capital, December 31, 2013 ✓ ✓ 1000 100
Transcribed Image Text:Statement 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, 2013. 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 Withdrawals ✓ ✓ Decrease in owner's equity Zack Gaddis, capital, December 31, 2013 ✓ ✓ 1000 100
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