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
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
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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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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