Owner carmina invested P100,000 to start his laundry business. In 2017, the business earned P50,000 with a withdrawals of P35,000. As of December 31, 2017, Carmina's capital balance is P115,000. Prepare a Statement of Changes in Owner's Equity
Owner carmina invested P100,000 to start his laundry business. In 2017, the business earned P50,000 with a withdrawals of P35,000. As of December 31, 2017, Carmina's capital balance is P115,000. Prepare a Statement of Changes in Owner's Equity
Chapter14: Property Transactions: Capital Gains And Losses, § 1231, And Recapture Provisions
Section: Chapter Questions
Problem 59P
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Owner carmina invested P100,000 to start his laundry business. In 2017, the business earned P50,000 with a withdrawals of P35,000. As of December 31, 2017, Carmina's capital balance is P115,000.
Prepare a Statement of Changes in Owner's Equity
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