Question

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. Gaddis Advertising Services Statement of Owner's Equity For the Year Ended December 31, 20Y3 $fill in the blank 2 $fill in the blank 4 fill in the blank 6 fill in the blank 8 fill in the blank 10 $fill in the blank 12

Answer 1

Answer:

See below

Explanation:

Gaddis Advertising Services

Statement of owner's equity.

For the year ended, December 31, 20Y3

Zack Gaddis, capital January 1, 20Y3

$186,000

Additional investment

$9,300

Net income

$89,800

Withdrawals

($65,100)

Balance

$34,000

Zack Gaddis capital , December 31, 20Y3

$186,000 + $34,000

$220,000