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Prepare a statement of owner equity for the year

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Reference no: EM132875518

Problem - Statement of owner's equity - Judy Flint owns and operates Derby Advertising Services. On January 1, 2011, Judy Flint, Capital had a balance of $290,000. During the year, Judy invested an additional $100,000 and withdrew $40,000. For the year ended December 31, 2011, Derby Advertising Services reported a net income of $93,750. Prepare a statement of owner's equity for the year ended December 31, 2011.

Reference no: EM132875518

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