Yolanda Weaver owns and operates Weaver Advertising Services. On January 1, 2018, Yolanda Weaver, Capital had a balance of $171,950. During the year, Yolanda invested an additional $8,600 and withdrew $60,200. For the year ended December 31, 2018, Weaver Advertising Services reported a net income of $51,800. Prepare a statement of owner's equity for the year ended December 31, 2018. Use the minus sign to indicate negative values.

Yolanda Weaver owns and operates Weaver Advertising Services. On January 1, 2018, Yolanda Weaver, Capital had a balance of $171,950. During the year, Yolanda invested an additional $8,600 and withdrew $60,200. For the year ended December 31, 2018, Weaver Advertising Services reported a net income of $51,800. Prepare a statement of owner's equity for the year ended December 31, 2018. Use the minus sign to indicate negative values.

Name: Yolanda Weaver owns and operates Weaver Advertising Services. On Janua
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Description: Yolanda Weaver owns and operates Weaver Advertising Services. On January 1, 2018, Yolanda Weaver, Capital had a balance of $171,950. During the year, Yolanda invested an additional $8,600 and withdrew $60,200. For the year ended December 31, 2018, We

Financial Accounting

14th Edition

ISBN:9781305088436

Author:Carl Warren, Jim Reeve, Jonathan Duchac

Publisher:Carl Warren, Jim Reeve, Jonathan Duchac

Chapter1: Introduction To Accounting And Business

Section: Chapter Questions

Problem 5PEA: Using the income statement for Ousel Travel Service shown in Practice Exercise 1-4A, prepare a...

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Using the income statement for Ousel Travel Service shown in Practice Exercise 1-4A, prepare a statement of owners equity for the year ended November 30, 2016. Shane Ousel, the owner, invested an additional 50,000 in the business during the year and withdrew cash of 30,000 for personal use. Shane Ousel, capital as of December 1, 2015, was 666,000.
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