Blake Knudson owns and operates Grab Bag Delivery Services. On January 1, 2015, Blake Knudson, Capital had

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Blake Knudson owns and operates Grab Bag Delivery Services. On January 1, 2015, Blake Knudson, Capital had a balance of $918,000. During the year, Blake made no additional investments and withdrew $15,000. For the year ended December 31, 2015, Grab Bag Delivery Services reported a net loss of $43,500. Prepare a statement of owner's equity for the year ended December 31, 2015.
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Financial Accounting

ISBN: 978-1305088436

14th edition

Authors: Carl S. Warren, Jim Reeve, Jonathan Duchac

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