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
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Chapter1: Financial Statements And Business Decisions
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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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