Marcie Davies owns and operates Gemini Advertising Services. On January 1, 2015, Marcie Davies, Capital had a

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Marcie Davies owns and operates Gemini Advertising Services. On January 1, 2015, Marcie Davies, Capital had a balance of $618,500. During the year, Marcie invested an additional $40,000 and withdrew $15,000. For the year ended December 31, 2015, Gemini Advertising Services reported a net income of $92,330. Prepare a statement of owner’s equity for the year ended December 31, 2015.

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Accounting

ISBN: 978-1285743615

26th edition

Authors: Carl S. Warren, James M. Reeve, Jonathan Duchac

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