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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 $186,000. During the year, Zack invested an additional $9,300 and withdrew $65,100. For the year ended December 31, 20Y3, Gaddis Advertising Services reported a net income of $89,800.
Prepare a statement of owner's equity for the year ended December 31, 20Y3. Use the minus sign to indicate negative values.

Respuesta :

Zviko

Answer:

Zack Gaddis

Statement of owner's equity for the year ended December 31, 20Y3

                                               Capital        Retained Earnings         Total

Beginning of the Year :

Opening Balance                 $186,000                     -                     $186,000

During the year :

Additional Capital                    $9,300                     -                        $9,300

Drawings                               ($65,100)                     -                     ($65,100)

Net Income                                 -                       $89,800              $89,800

At the end of the year           $130,200             $89,800             $220,000

Explanation:

The statement of owner's equity for the year ended December 31, 20Y3 is prepared as above.

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