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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
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 Advertis- ing Services reported a net income of $92,330. Prepare a statement of owners equity for the year ended December 31, 2015.
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