Kindly answer the pretest only. Learning Module for Accountancy, Business and ManagementPreparation of SCE in asingle proprietorshipLESSONEXPECTATIONSYou will represent real-life situations using statement of changes in equitySpecifically, this module will help you:prepare a statement of changes in equity for a single proprietorshipbusiness.PRETESTDirections: Draw + sign if the account increases owner's equity, sign if itdecreases owner's equity account and sigm If no effect in a yellow paper.Let us start yourjourney in learning more onSCE I am sure you ane readyand excited to ansuer thePretest. Enjoy ansuenngInitial investmentRent expense1.Professional FeesTransportation Expense13. Rental Revenue14. Payment of Liability15 SuppliesEquipment17. Depreciation Expense18. Land19. Prepaid Expenses20. Withdrawals1.2.12.3.CapitalDrawingSalariesAdditional investmentCost of Goods SoldAccounts PayableAllowance for Bad DebtsService revenue4.5.6.16.7.8.9.10.Great, you finished ansueering thequestiona. You may request yourfacilitator to check your work.Congratulations andleamingkeepLOOKING BACK TO YOUR LESSONDirections: Match column A with Column B. Write letters only.Column BColumn A

Sole or Single Proprietorship:-It is one of the forms of business where only a single person is…

PRETEST Directions: Draw sign if the account increases owner's equity, sign if it sign If no effect in a yellow paper. decreases owner's equity account and Let u start your journey in learning more on SCE I am sure you ane ready and excitend to ansuer the Pretent. Enjoy ansuering 1. Initial investment 11. Professional Fees 12. Transportation Expense 13. Rental Revenue 14 Payment of Liability 15. Supplies 16. Equipment 17. Depreciation Expense 2. Rent expense Service revenue Capital Drawing Salaries 5. Additional investment Cost of Goods Sold Accounts Payable Allowance for Bad Debts 7. 8. 9. 18. Land 19. Prepaid Expenses 20. Withdrawals 10. 3456

PRETEST Directions: Draw sign if the account increases owner's equity, sign if it sign If no effect in a yellow paper. decreases owner's equity account and Let u start your journey in learning more on SCE I am sure you ane ready and excitend to ansuer the Pretent. Enjoy ansuering 1. Initial investment 11. Professional Fees 12. Transportation Expense 13. Rental Revenue 14 Payment of Liability 15. Supplies 16. Equipment 17. Depreciation Expense 2. Rent expense Service revenue Capital Drawing Salaries 5. Additional investment Cost of Goods Sold Accounts Payable Allowance for Bad Debts 7. 8. 9. 18. Land 19. Prepaid Expenses 20. Withdrawals 10. 3456

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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