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What the change in owner capital during the year was

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Reference no: EM133010343

Problem 1: On January 1 of the current year, Nakamoto Yuta Company reported owner's capital totaling P122,500. During the current year, total revenues were P96,000 while total expenses were P85,500. Also, during the current year Yuta withdrew P20,000 from the company. No other changes in equity occurred during the year. The change in owner's capital during the year was:

Group of answer choices

Option 1: A decrease of P9,500.

Option 2: An increase of P9,500.

Option 3: An increase of P30,500.

Option 4: A decrease of P30,500.

Reference no: EM133010343

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