Reference no: EM133119194
Question - Cyrus Bautista owns and operates Aquarius Advertising Services. On January 1, 20Y3, Cyrus Bautista, Capital had a balance of $471,900. During the year, Cyrus invested an additional $72,000 and withdrew $17,000. For the year ended December 31, 20Y3, Aquarius Advertising Services reported a net income of $103,000.Prepare a statement of owner's equity for the year ended December 31, 20Y3. Be sure to complete the statement heading. Refer to the list of Labels and Amount Descriptions for the exact wording of the answer choices for text entries. For those boxes in which you must enter subtracted or negative numbers use a minus sign.
Cyrus Bautista owns and operates Aquarius Advertising Services. On January 1, 20Y3, Cyrus Bautista, Capital had a balance of $622,000. During the year, Cyrus invested an additional $36,000 and withdrew $14,500. For the year ended December 31, 20Y3, Aquarius Advertising Services reported a net income of $92,510.Prepare a statement of owner's equity for the year ended December 31, 20Y3. Be sure to complete the statement heading. Refer to the list of Labels and Amount Descriptions for the exact wording of the answer choices for text entries. For those boxes in which you must enter subtracted or negative numbers use a minus sign.
Xavier Heffner owns and operates Heffner Advertising Services. On January 1, 20Y3, Xavier Heffner, Capital had a balance of $154,200. During the year, Xavier invested an additional $7,700 and withdrew $54,000. For the year ended December 31, 20Y3, Heffner Advertising Services reported a net income of $45,900.
Required - Prepare a statement of owner's equity for the year ended December 31, 20Y3. Use the minus sign to indicate negative values.
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