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 P168,000 P 95.000 P105,000 P550,000 P120,000 Total Asset Total Liabilities
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 P168,000 P 95.000 P105,000 P550,000 P120,000 Total Asset Total Liabilities
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
Chapter16: Retained Earnings And Earnings Per Share
Section: Chapter Questions
Problem 14P: Gray Company lists the following shareholders equity items on its December 31, 2018, balance sheet:...
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