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

FINANCIAL ACCOUNTING

10th Edition

ISBN:9781259964947

Author:Libby

Publisher:Libby

Chapter1: Financial Statements And Business Decisions

Section: Chapter Questions

Problem 1Q

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