III. DIRECTION: 1. Prepare the Statement of changes in equity with the accounts given below using your surname as your company name for the period

III. DIRECTION:
1. Prepare the Statement of changes in equity with the accounts given below using your surname as your company name for the period ended December 31, 2019

Capital beginning
Additional Investment
Drawing
Net Profit
Capital beginning
Additional Investment
Drawings
(Net Loss)
Php150,000.00
Php50,000.00
Php 78,000.00
Php120,000.00
Php 75,000.00
Php25,000.00
Php15,000.00
Php20,000.00) Transcribed Image Text: I.
TOPIC: Statement of changes in Equity
III. DIRECTION:
1. Prepare the Statement of changes in equity with the accounts given below using your surnam
as your company name for the period ended December 31, 2019
Capital beginning
Php150,000.00
Php50,000.00
Additional Investment
Drawings
Php78,000.00
Net Profit
Php120,000.00
Capital beginning
Php75,000.00
Additional Investment
Php25,000.00
Php15,000.00
Drawings
(Net Loss)
Php20,000.00)

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