Beginning owner's equity amounted to 350,000. Net loss for the year totaled Php. 55,000. No additional...
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Beginning owner's equity amounted to 350,000. Net loss for the year totaled Php. 55,000. No additional investments and withdrawals for the period. Compute for the total increase and decrease in equity for the year. 2. Ending owner's equity amounted to Php. 80,000. Additional Investments during the year amounted to Php. 40,000. Owner withdraw totaled of Php. 65,000. Compute for total owner's equity for the year. 3. Beginning Owner's equity amounted to P350,000. Net Income for the year totaled Php. 60,000. Additional Investment during the year amounted to 35,000. No withdrawals for the period. Compute for total increase in equity for the year. 4. Owner, Marco invested an initial capital amounting P70,000 in order to put up his Computer Services. During the first year of operations, the business had a loss of Php30,000 because of this Marco invested additional capital amounting to Php70,000 in 2018. In the second year, the company had a net income of Php120,000 and Marco withdrew Php50,000 for his personal use. Compute for the ending capital balance of Marco for the year 2019. Beginning owner's equity amounted to 350,000. Net loss for the year totaled Php. 55,000. No additional investments and withdrawals for the period. Compute for the total increase and decrease in equity for the year. 2. Ending owner's equity amounted to Php. 80,000. Additional Investments during the year amounted to Php. 40,000. Owner withdraw totaled of Php. 65,000. Compute for total owner's equity for the year. 3. Beginning Owner's equity amounted to P350,000. Net Income for the year totaled Php. 60,000. Additional Investment during the year amounted to 35,000. No withdrawals for the period. Compute for total increase in equity for the year. 4. Owner, Marco invested an initial capital amounting P70,000 in order to put up his Computer Services. During the first year of operations, the business had a loss of Php30,000 because of this Marco invested additional capital amounting to Php70,000 in 2018. In the second year, the company had a net income of Php120,000 and Marco withdrew Php50,000 for his personal use. Compute for the ending capital balance of Marco for the year 2019.
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