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Create a worksheet titled Statement of Changes in Owner s Equity that includes the information below. Solve this problem using a spreadsheet.
Mr. José is running a retail stationary shop and his capital on March 1st, 2005 is $10,000. He introduced additional capital of $2,000 on March 5th and his net income for March 2005 is $3,000. His withdrawals are $4,000.
Guidelines:Show your work in the spreadsheet.Make a note in the Statement where there is Net Income.
What are three characteristics of a sole proprietorship - Are these characteristics the same as or different from those of a partnership?
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