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I hope someone can make an statement of changes in owner's equity from this given? thank you Problem 2-16 (IAA) Relax Company provided the following
I hope someone can make an statement of changes in owner's equity from this given? thank you
Problem 2-16 (IAA) Relax Company provided the following information on December 31, 2014: 400,000 Cash 800,000 Accounts receivable 50,000 Allowance for doubtful accounts 1,000,000 Inventories 500,000 Land 5,000,000 Building 2,000,000 Accumulated depreciation-building 3,000,000 Machinery 1,200,000 Accumulated depreciation-machinery 400,000 Equipment Accumulated depreciation-equipment 100,000 1,300,000 Investment in associate Prepaid expenses 100,000 750,000 Notes payable Accounts payable 350,000 Income tax payable 50,000 Accrued expenses 60,000 Mortgage note payable in quarterly installments of P100,000 Estimated liability for damages Retained earnings appropriated for plant expansion Retained earnings appropriated for contingencies Share capital Share premium Retained earnings unappropriated Trademark Secret processes and formulas Bank loan payable - due June 30, 2016 2,000,000 140,000 1,000,000 100,000 3,000,000 300,000 1,250,000 150,000 200,000 500,000Step by Step Solution
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