Marcie Davies owns and operates Gemini Advertising Services. On January 1, 2018, Marcie Davies, Capital had a balance of $622,000. During the year, Marcie invested an additional $36,000 and withdrew $14,500. For the year ended December 31, 2018, Gemini Advertising Services reported a net income of $92,510.

Financial Accounting
15th Edition
ISBN:9781337272124
Author:Carl Warren, James M. Reeve, Jonathan Duchac
Publisher:Carl Warren, James M. Reeve, Jonathan Duchac
Chapter1: Introduction To Accounting And Business
Section: Chapter Questions
Problem 21E
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Marcie Davies owns and operates Gemini Advertising Services. On January 1, 2018, Marcie Davies, Capital had a balance of $622,000. During the year, Marcie invested an additional $36,000 and withdrew $14,500. For the year ended December 31, 2018, Gemini Advertising Services reported a net income of $92,510.

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