Statement of Owner's Equity

Xavier Heffner owns and operates Heffner Advertising Services. On January 1, 2018, Xavier Heffner, Capital had a balance of $220,400. During the year, Xavier invested an additional $11,000 and withdrew $77,100. For the year ended December 31, 2018, Heffner Advertising Services reported a net income of $98,700.

Prepare a statement of owner's equity for the year ended December 31, 2018. Use the minus sign to indicate negative values.

Heffner Advertising Services

Statement of Owner's Equity

For the Year Ended December 31, 2018

Xavier Heffner, capital, January 1, 2018

$fill in the blank 2

Additional investment during 2018

$fill in the blank 4

Net income

fill in the blank 6

Withdrawals

fill in the blank 8

Increase in owner's equity

fill in the blank 10

Xavier Heffner, capital, December 31, 2018

$fill in the blank 12

Statement of Owner's Equity

Xavier Heffner owns and operates Heffner Advertising Services. On January 1, 2018, Xavier Heffner, Capital had a balance of $220,400. During the year, Xavier invested an additional $11,000 and withdrew $77,100. For the year ended December 31, 2018, Heffner Advertising Services reported a net income of $98,700.

Prepare a statement of owner's equity for the year ended December 31, 2018. Use the minus sign to indicate negative values.

Heffner Advertising Services
Statement of Owner's Equity
For the Year Ended December 31, 2018
Xavier Heffner, capital, January 1, 2018		$fill in the blank 2
Additional investment during 2018	$fill in the blank 4
Net income	fill in the blank 6
Withdrawals	fill in the blank 8
Increase in owner's equity		fill in the blank 10
Xavier Heffner, capital, December 31, 2018		$fill in the blank 12