III. 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, 2019Capital beginningAdditional InvestmentDrawingNet ProfitCapital beginningAdditional InvestmentDrawings(Net Loss)Php150,000.00Php50,000.00Php 78,000.00Php120,000.00Php 75,000.00Php25,000.00Php15,000.00Php20,000.00) I.TOPIC: Statement of changes in EquityIII. DIRECTION:1. Prepare the Statement of changes in equity with the accounts given below using your surnamas your company name for the period ended December 31, 2019Capital beginningPhp150,000.00Php50,000.00Additional InvestmentDrawingsPhp78,000.00Net ProfitPhp120,000.00Capital beginningPhp75,000.00Additional InvestmentPhp25,000.00Php15,000.00Drawings(Net Loss)Php20,000.00)

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Financial And Managerial Accounting

15th Edition

ISBN:9781337902663

Author:WARREN, Carl S.

Publisher:WARREN, Carl S.

Chapter12: Corporations: Organization, Stock Transactions, And Dividends

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Problem 22E: Statement of stockholders equity The stockholders equity T accounts of I-Cards Inc. for the year...

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III. 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 Additional Investment Drawing Net Profit Capital beginning Additional Investment Drawings (Net Loss) Php150,000.00 Php50,000.00 Php 78,000.00 Php120,000.00 Php 75,000.00 Php25,000.00 Php15,000.00 Php20,000.00)

I.
TOPIC: Statement of changes in Equity
III. DIRECTION:
1. Prepare the Statement of changes in equity with the accounts given below using your surnam
as your company name for the period ended December 31, 2019
Capital beginning
Php150,000.00
Php50,000.00
Additional Investment
Drawings
Php78,000.00
Net Profit
Php120,000.00
Capital beginning
Php75,000.00
Additional Investment
Php25,000.00
Php15,000.00
Drawings
(Net Loss)
Php20,000.00)

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