Owner, Juan Invested An Initial Capital Amounting P50,000 In Order To Put Up His Clean Company. During The First Year Of Operations (2016), The Company Had A Loss Of P25,000. Because Of This, Juan Invested Additional Capital Amounting To P50,000 In 2017. In The Second Year (2017), The Company Had A Net Income Of P100,000 And Juan Withdrew P10,000 For Personal Use. Prepare The Statement Of Changes In Equity For The Year 2017.

Owner, Juan invested an initial capital amounting P50,000 in order to put up his Clean company. During the first year of operations (2016), the company had a loss of P25,000. Because of this, Juan invested additional capital amounting to P50,000 in 2017. In the second year (2017), the company had a net income of P100,000 and Juan withdrew P10,000 for personal use. Prepare the Statement of Changes in Equity for the year 2017.

- November 14, 2022 - Edwin Tunner

Owner, Juan invested an initial capital amounting P50,000 in order to put up his Clean company. During the first year of operations (2016), the company had a loss of P25,000. Because of this, Juan invested additional capital amounting to P50,000 in 2017. In the second year (2017), the company had a net income of P100,000 and Juan withdrew P10,000 for personal use. Prepare the Statement of Changes in Equity for the year 2017.

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