Question
Owner, Juan invested an initial capital amounting 50,000 in order to put up his janitorial services company. During the first year of operation(2016), the company
Owner, Juan invested an initial capital amounting 50,000 in order to put up his janitorial services company. During the first year of operation(2016), the company had a loss of 25,000. Because of this, Juan invested additional capital amounting to 50,000 in 2017. In the second year(2017), the company had a net income of 100,000 for personal use. Compute for the ending capital balance of Juan for the year 2017.
STATEMENT OF CHANGES IN PARTNERS EQUITY
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Essentials Of Forensic Accounting
Authors: Michael A Crain, William S Hopwood,
1st Edition
1941651100, 978-1941651100
