Zack Gaddis owns and operates Gaddis Advertising Services. On January 1, 2018, Zack Gaddis, Capital had a balance of $163,800. During the year, Zack invested an additional $8,200 and withdrew $57,300. For the year ended December 31, 2018, Gaddis Advertising Services reported a net income of $48,100. My numbers for decrease of owner's equity and capital for Dec 31 are not adding up

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Financial Transaction Analysis

The transaction analysis is done with the help of the accounting equation. The basic accounting equation is alternatively known as the balance sheet equation is based on the double-entry system which says that for each transaction happening in a business, at least two accounts should be affected I.e. both the debit side and the credit side should be equal. The Accounting Equation is