Compute the following problems and write it on your columnar notebook or on a sheet of paper. 1. Case 1: England Services England Services is owned by Mr. E.N.G. Land. The beginning capital of Mr. Land is ₱856,800. During 2015, Mr. Land invested additional cash of ₱63, 750. During the year, England Services incurred net loss of ₱85,680.  How much is the balance of E.N.G. Land capital as at December 31, 2015?  Prepare a statement of changes in owner’s equity for England Services.

Compute the following problems and write it on your columnar notebook or on a sheet of paper. 1. Case 1: England Services England Services is owned by Mr. E.N.G. Land. The beginning capital of Mr. Land is ₱856,800. During 2015, Mr. Land invested additional cash of ₱63, 750. During the year, England Services incurred net loss of ₱85,680.  How much is the balance of E.N.G. Land capital as at December 31, 2015?  Prepare a statement of changes in owner’s equity for England Services.

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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