Owner carmina invested P100,000 to start his laundry business. In 2017, the business earned P50,000 with a withdrawals of P35,000. As of December 31, 2017, Carmina's capital balance is P115,000. Prepare a Statement of Changes in Owner's Equity

Owner carmina invested P100,000 to start his laundry business. In 2017, the business earned P50,000 with a withdrawals of P35,000. As of December 31, 2017, Carmina's capital balance is P115,000. Prepare a Statement of Changes in Owner's Equity

Name: Owner carmina invested P100,000 to start his laundry business. In 2017
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Description: Owner carmina invested P100,000 to start his laundry business. In 2017, the business earned P50,000 with a withdrawals of P35,000. As of December 31, 2017, Carmina's capital balance is P115,000.Prepare a Statement of Changes in Owner's Equity

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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