Activity No. 5. Dev Xe Company inpartner's equity has the followingtransactions for the year endedDecember 31, 2020. Prepare a COMPLETEStatement of Changes in Equity.Capital, January 2020, Partner 1Capital, January 2020, Partner 2 200,000.00Capital, January 2020, Partner 3 150,000.00Net IncomeInvestment, Partner 1Investment, Partner 2Investment, Partner 3Withdrawals, Partner 175,000.0050,000.00100,000.0020,000.0040,000.0037,500.00Withdrawals, Partner 250,000.00Withdrawals, Partner 375,000.00lyong sagotActivity No. 6. Enumerate accounts thatpoints out different parts of theStatement of Changes in Equity. a.specifically, accounts that Increases theequity - b. specifically, accountsthat Decreases the equity

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Activity No. 5. Dev Xe Company in partner's equity has the following transactions for the year ended December 31, 2020. Prepare a COMPLETE Statement of Changes in Equity. Capital, January 2020, Partner 1 75,000.00 Capital, January 2020, Partner 2 200,000.00 Capital, January 2020, Partner 3 150,000.00 Net Income Investment, Partner 1 Investment, Partner 2 Investment, Partner 3 Withdrawals, Partner 1 Withdrawals, Partner 2 Withdrawals, Partner 3 50,000.00 100,000.00 20,000.00 40,000.00 37,500.00 50,000.00 75,000.00

Activity No. 5. Dev Xe Company in partner's equity has the following transactions for the year ended December 31, 2020. Prepare a COMPLETE Statement of Changes in Equity. Capital, January 2020, Partner 1 75,000.00 Capital, January 2020, Partner 2 200,000.00 Capital, January 2020, Partner 3 150,000.00 Net Income Investment, Partner 1 Investment, Partner 2 Investment, Partner 3 Withdrawals, Partner 1 Withdrawals, Partner 2 Withdrawals, Partner 3 50,000.00 100,000.00 20,000.00 40,000.00 37,500.00 50,000.00 75,000.00

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

Chapter5: The Income Statement And The Statement Of Cash Flows

Section: Chapter Questions

Problem 11P: Net Income and Comprehensive Income At the beginning of 2019, JR Companys shareholders equity was as...

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REQUIRED Use the information provided below to prepare the Statement of Changes in Equity of Sooraya Enterprises/Partnership for the year ended 28 February 2022. INFORMATION Extract from the ledger of Sooraya Enterprises on 28 February 2022 R Capital: Soo 450 000 Capital: Raya 350 000 Current a/c: Soo (01 March 2021) Current a/c: Raya (01 March 2021) Drawings: Soo Drawings: Raya The following must be taken into account: 30 000 CR 25000 DR 220 000 260 000 1. On 28 February 2022 the Profit and Loss account reflected a net profit of R 880 000. 2. Partners are entitled to interest at 12% p.a. on their capital balances. Note: Soo increased her capital contribution by R180 000 on 01 September 2021. The capital increase has been recorded. 3. The partners are entitled to the following monthly salaries for the first 6 months of the financial year: Soo R15 000 Raya R11 000 From 01 September 2021, the partners will be entitled to annual salaries of R144 000 each. 4. Raya is entitled to a bonus…
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HII. DIRECTION: 1. Prepare the Statement of changes in equity with the accounts given below using your surname as your company name for the period ended December 31, 2019 Capital beginning Php150,000.00 Additional Investment Php50,000.00 Drawings Php78,000.00 Net Profit Php120,000.00 Capital beginning Php 75,000.00 Additional Investment Php25,000.00 Drawings Php15,000.00 (Net Loss) Php20,000.00 Example format is provided
Use the following information for the next three questions:The ledger of COLTISH UNDISCIPLINED Co. in 20x1 includes the following:Jan. 1, 20x1 Dec. 31, 20x1Current assets 1,200,000 ? Noncurrent assets 4,000,000 ? Current liabilities 900,000 1,000,000Noncurrent liabilities ? 3,000,000 Additional information:- COLTISH’s working capital as of December 31, 20x1 is twice as much as the working capital as of January 1, 20x1. - Total equity as of January 1, 20x1 is ₱1,700,000. Profit for the year is ₱2,400,000 while dividends declared amounted to ₱1,000,000. There were no other changes in equity during the year.How much is the total noncurrent liabilities as of January 1, 20x1?a. 2,600,000b. 2,800,000c. 3,200,000d. 3,400,000
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