Statement of Owner's Equity Zack Gaddis owns and operates Gaddis Advertising Services. On January 1, 20Y3, Zack Gaddis, Capital had a balance of $200,100. During the year, Zack invested an additional $10,000 and withdrew $70,000. For the year ended December 31, 20Y3, Gaddis Advertising Services reported a net income of $57,400. Prepare a statement of owner's equity for the year ended December 31, 20Y3. Use the minus sign to indicate negative values. Gaddis Advertising ServicesStatement of Owner's EquityFor the Year Ended December 31, 20Y3 $Zack Gaddis, capital, January 1, 20Y3 $Additional investment during 20Y3 Net income Withdrawals Decrease in owner's equity $Zack Gaddis, capital, December 31, 20Y3
Statement of Owner's Equity Zack Gaddis owns and operates Gaddis Advertising Services. On January 1, 20Y3, Zack Gaddis, Capital had a balance of $200,100. During the year, Zack invested an additional $10,000 and withdrew $70,000. For the year ended December 31, 20Y3, Gaddis Advertising Services reported a net income of $57,400. Prepare a statement of owner's equity for the year ended December 31, 20Y3. Use the minus sign to indicate negative values. Gaddis Advertising ServicesStatement of Owner's EquityFor the Year Ended December 31, 20Y3 $Zack Gaddis, capital, January 1, 20Y3 $Additional investment during 20Y3 Net income Withdrawals Decrease in owner's equity $Zack Gaddis, capital, December 31, 20Y3
College Accounting, Chapters 1-27
23rd Edition
ISBN:9781337794756
Author:HEINTZ, James A.
Publisher:HEINTZ, James A.
Chapter2: Analyzing Transactions: The Accounting Equation
Section: Chapter Questions
Problem 7SEB: STATEMENT OF OWNERS EQUITY REPORTING NET LOSS Based on the information provided in Exercise 2-6B,...
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Statement of Owner's Equity
Zack Gaddis owns and operates Gaddis Advertising Services. On January 1, 20Y3, Zack Gaddis, Capital had a balance of $200,100. During the year, Zack invested an additional $10,000 and withdrew $70,000. For the year ended December 31, 20Y3, Gaddis Advertising Services reported a net income of $57,400.
Prepare a statement of owner's equity for the year ended December 31, 20Y3. Use the minus sign to indicate negative values.
Gaddis Advertising ServicesStatement of Owner's EquityFor the Year Ended December 31, 20Y3
| $Zack Gaddis, capital, January 1, 20Y3 | ||
|
|
$Additional investment during 20Y3 | |
|
|
Net income | |
|
|
Withdrawals | |
|
|
Decrease in owner's equity | |
|
|
$Zack Gaddis, capital, December 31, 20Y3 |
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