Preparation of SCE for a Single Proprietorship Instructions: Prepare a Statement of Changes in Equity for the year ended December 31,2020 the using the following account titles listed. You may use any desired business name. Use the space provided for your answer. Drawing ₱168,000 Capital Beginning ₱ 95,000 Additional Investment ₱105,000 Total Asset ₱550,000 Total Liabilities ₱120,000

Preparation of SCE for a Single Proprietorship Instructions: Prepare a Statement of Changes in Equity for the year ended December 31,2020 the using the following account titles listed. You may use any desired business name. Use the space provided for your answer. Drawing ₱168,000 Capital Beginning ₱ 95,000 Additional Investment ₱105,000 Total Asset ₱550,000 Total Liabilities ₱120,000

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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Question

Preparation of SCE for a Single Proprietorship

Instructions:

Prepare a Statement of Changes in Equity for the year ended December 31,2020 the using the following account titles listed.
You may use any desired business name.
Use the space provided for your answer.

Drawing ₱168,000

Capital Beginning ₱ 95,000

Additional Investment ₱105,000

Total Asset ₱550,000

Total Liabilities ₱120,000

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