Accounting 26th Edition by Carl Warren ,Jim Reeve ,Jonathan Duchac

Exercise 33

A Statement of owner's equity
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.
B Statement of owner's equity
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.