Amount II II IV V Beginning Capital P200 000.00 P150 000.00 P325 000.00 | P400 000.00 5.P Additional Investment 50 000.00 20 000.00 40 000.00 4. 25 000.00 Net Income 30 000.00 18 000.00 3. 50 000.00 50 000.00 Drawing 25 000.00 2. 30 000.00 16 000.00 20 000.00 Ending Сaptal 1. 140 000.00 390 000.00 458 000.00 230 000.00

FINANCIAL ACCOUNTING
10th Edition
ISBN:9781259964947
Author:Libby
Publisher:Libby
Chapter1: Financial Statements And Business Decisions
Section: Chapter Questions
Problem 1Q
icon
Related questions
Question

show solution and final answers ASAP Thank you.

INSTRUCTION: Compute the missing amounts in the SCE of the owner.

Amount
|
II
II
IV
V
Beginning
Сaptal
P200 000.00 P150 000.00 P325 000.00
P400 000.00
5.P
Additional
Investment
50 000.00
20 000.00
40 000.00
4.
25 000.00
Net Income
30 000.00
18 000.00
3.
50 000.00
50 000.00
Drawing
25 000.00
2.
30 000.00
16 000.00
20 000.00
Ending
Сapital
1.
140 000.00
390 000.00
458 000.00
230 000.00
Amount
VI
VII
VIII
IX
Beginning
Capital
P140 000.00 P240 000.00 P125 000.00
P50 000.00
P24 000.00
Additional
Investment
60 000.00
0.00
8.
16 000.00
4 000.00
Transcribed Image Text:Amount | II II IV V Beginning Сaptal P200 000.00 P150 000.00 P325 000.00 P400 000.00 5.P Additional Investment 50 000.00 20 000.00 40 000.00 4. 25 000.00 Net Income 30 000.00 18 000.00 3. 50 000.00 50 000.00 Drawing 25 000.00 2. 30 000.00 16 000.00 20 000.00 Ending Сapital 1. 140 000.00 390 000.00 458 000.00 230 000.00 Amount VI VII VIII IX Beginning Capital P140 000.00 P240 000.00 P125 000.00 P50 000.00 P24 000.00 Additional Investment 60 000.00 0.00 8. 16 000.00 4 000.00
Expert Solution
steps

Step by step

Solved in 2 steps with 2 images

Blurred answer
Recommended textbooks for you
FINANCIAL ACCOUNTING
FINANCIAL ACCOUNTING
Accounting
ISBN:
9781259964947
Author:
Libby
Publisher:
MCG
Accounting
Accounting
Accounting
ISBN:
9781337272094
Author:
WARREN, Carl S., Reeve, James M., Duchac, Jonathan E.
Publisher:
Cengage Learning,
Accounting Information Systems
Accounting Information Systems
Accounting
ISBN:
9781337619202
Author:
Hall, James A.
Publisher:
Cengage Learning,
Horngren's Cost Accounting: A Managerial Emphasis…
Horngren's Cost Accounting: A Managerial Emphasis…
Accounting
ISBN:
9780134475585
Author:
Srikant M. Datar, Madhav V. Rajan
Publisher:
PEARSON
Intermediate Accounting
Intermediate Accounting
Accounting
ISBN:
9781259722660
Author:
J. David Spiceland, Mark W. Nelson, Wayne M Thomas
Publisher:
McGraw-Hill Education
Financial and Managerial Accounting
Financial and Managerial Accounting
Accounting
ISBN:
9781259726705
Author:
John J Wild, Ken W. Shaw, Barbara Chiappetta Fundamental Accounting Principles
Publisher:
McGraw-Hill Education