Statement of Owner\'s Equity Zoe Backus owns and operates Backus Advertising Ser

Question

Statement of Owner's Equity

Zoe Backus owns and operates Backus Advertising Services. On January 1, 2018, Zoe Backus, Capital had a balance of $210,300. During the year, Zoe invested an additional $10,500 and withdrew $73,600. For the year ended December 31, 2018, Backus Advertising Services reported a net income of $104,500.

Prepare a statement of owner's equity for the year ended December 31, 2018. Use the minus sign to indicate negative values.

Backus Advertising Services Statement of Owner's Equity For the Year Ended December 31, 2018 $ $ $

Explanation / Answer

Answer

statement of share holders equity

zoe backus capital on january 1 2018 210300 additional investment in capital 10500 net income 104500 less; withdrawal 73600 increase in capital during the 31400 31400 zoe backus capital on december 31 2018 241700

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