Preparation of SCE for a Single Proprietorship Instructions: Prepare a Statement of Changes in Equity for the year ended December 31,2020 the using the following account titles listed. You may use any desired business name. Use the space provided for your answer. Drawing ₱168,000 Capital Beginning ₱ 95,000 Additional Investment ₱105,000 Total Asset ₱550,000 Total Liabilities ₱120,000

Preparation of SCE for a Single Proprietorship Instructions: Prepare a Statement of Changes in Equity for the year ended December 31,2020 the using the following account titles listed. You may use any desired business name. Use the space provided for your answer. Drawing ₱168,000 Capital Beginning ₱ 95,000 Additional Investment ₱105,000 Total Asset ₱550,000 Total Liabilities ₱120,000

Intermediate Accounting: Reporting And Analysis

3rd Edition

ISBN:9781337788281

Author:James M. Wahlen, Jefferson P. Jones, Donald Pagach

Publisher:James M. Wahlen, Jefferson P. Jones, Donald Pagach

Chapter4: The Balance Sheet And The Statement Of Shareholders' Equity

Section: Chapter Questions

Problem 7E

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Instructions: 1. Prepare a Statement of Changes in Equity for the year ended December 31,2020 the using the following account titles listed. 2. You may use any desired business name. 3. Use the space provided for your answer. Drawing Capital Beginning Additional Investment Total Asset P168,000 2 95.000 P105,000 P550,000 P120,000 Total Liabilities
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