Marcie Davies owns and operates Gemini Advertising Services. On January 1, 2018, Marcie Davies, Capital had a balance of $622,000. During the year, Marcie invested an additional $36,000 and withdrew $14,500. For the year ended December 31, 2018, Gemini Advertising Services reported a net income of $92,510. Prepare a statement of owner’s equity for the year ended December 31, 2018. For those boxes in which you must enter subtracted or negative numbers use a minus sign. Refer to the list of Labels and Amount Descriptions for the exact wording of the answer choices for text entries. Be sure to complete the statement heading.

Labels
December 31, 2018
For the Year Ended December 31, 2018
Amount Descriptions
Additional investment during 2018
Decrease in owner’s equity
Increase in owner’s equity
Withdrawals
Marcie Davies, capital, January 1, 2018
Marcie Davies, capital, December 31, 2018
Net income
Net loss

 

Prepare a retained earnings statement for the year ended December 31, 2015. Enter all amounts as positive numbers. Refer to the list of Labels and Amount Descriptions for the exact wording of the answer choices for text entries. Be sure to complete the statement heading. Gemini Advertising Services Retained Earnings Statement (Label) 1 2