User Account

All Pages

How much is Juana withdrawal

Assignment Help Accounting Basics
Reference no: EM132726852

Questions - Have a Statement of Changes In Equity.

I. Ending owner's equity amounted to P70,000. Additional investments during the year amounted to P30,000. Withdrawals totaled P50,000. Compute for the company's net income for the year assuming beginning equity is P10,000.

II. Owner Juana invested P100,000 to start her laundry business. During the first year of operations (2016), the company had a net income of P15,000. Juana invested additional P100,000 to grow the business. In 2017, the business earned P50,000. As of December 31, 2017, Juana's capital balance is P200,000. How much is Juana's withdrawal?

Reference no: EM132726852

Questions Cloud

Calculate the amount of the resulting gain or loss : Calculate the amount of the resulting gain or loss and prepare the journal entry for the sale. Where would the gain or loss appear on the income statement
Introduced the impact of global digital divide : Chapter 19 introduced the impact of the global digital divide. According to the authors, countries that lag behind rest of world's ICT capabilities encounter
Determine the estimating cost function with machine-hours : Michael Scott works as cost analyst for mid-size paper, Use the high-low method to determine the estimating cost function with machine-hours as the cost driver.
Ebb and flow with political winds : Let's look at outsourcing as an example. The interest in this management model seems to ebb and flow with the political winds.
How much is Juana withdrawal : In 2017, the business earned P50,000. As of December 31, 2017, Juana's capital balance is P200,000. How much is Juana's withdrawal
Find retained earnings at the beginning of the year : Find retained earnings at the beginning of the year. Net income for the year was $44,121 and $13,980 of dividends were declared and paid.
Clustering problem : Imagine a Clustering problem where the educational researchers would like to find clusters of students
What is the parent share of consolidated net income : What is the parent's share of consolidated net income for 2018 if Ackerman owns only 90 percent of Brannigan and the equipment transfer was upstream?
Electronic records management system : Companies create business records of many types and store the electronic files using an electronic records management (ERM) system.

Reviews

Write a Review

Accounting Basics Questions & Answers

  Compute the payback period

A machine costs $170,000, has a $15,000 salvage value. Compute the payback period for each of these two separate investments

  Which would not be considered user of financial information

Which would not be considered a user of financial information? Company management./ A real estate investor/ A large pension fund

  Prepare summary journal entries to record the events of july

Compute the cost of the units transferred from moulding to assembling during the month and the cost of the ending work in process inventory for the moulding department.

  Describe working on the audit of a for-profit hospital

Now you are starting on the audit of a not-for-profit hospital and immediately notice the financial statements are not the same. Discuss what

  What is the new cost basis of the municipal bonds

Teal Corporation has municipal bonds classified as a held-to-maturity at December 31, 2017. What is the new cost basis of the municipal bonds

  Torrid romance publishers has total receivables of 2820

torrid romance publishers has total receivables of 2820 which represents 20 days sales. total assets are 70500. the

  Can increase access and reduce cost while increasing quality

Do you think all three goals can be effectively reached? For example, can you increase access and reduce costs while increasing quality?

  Find what percent wages payable were of total assets

If the total assets for this year were $155,000, find what percent wages payable were of total assets this year

  Find the range and iqr for these data

Pizza prices, part 2. The weekly prices of one brand of frozen pizza over a three-year period in Chicago are provided in the data file. Use the price data to answer the following questions.

  An auditor is reviewing a sample of cash disbursements to

an auditor is reviewing a sample of cash disbursements to ensure that the appropriate supporting documents were

  Auto parts sells 1200 electric parts per week and then

auto parts sells 1200 electric parts per week and then reorders another 1200 parts. if the relevant carrying cost per

  Differentiate types of income and expenditures

The assignment requires an email to be sent to fictional clients Daniel B. Butler and Freida C. Butler. They reaching out by email, asking for help.

Free Assignment Quote

Assured A++ Grade

Get guaranteed satisfaction & time on delivery in every assignment order you paid with us! We ensure premium quality solution document along with free turntin report!

Submit Assignment

Academics

Major Subjects

Majors

Get In Touch

whatsapp: +1-415-670-9521

Phone: +1-415-670-9521

Email: [email protected]

TERMS & POLICIES

HELP & SUPPORT

All rights reserved! Copyrights ©2019-2020 ExpertsMind IT Educational Pvt Ltd