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The following balances of some accounts are presented by OSE Trading for the year ended December 21, 2020 prior to the closing of Income
The following balances of some accounts are presented by OSE Trading for the year ended December 21, 2020 prior to the closing of Income and Expenses Summary Accounts (IESA): Cash Accounts receivable Merchandise inventory Accounts payable OSE, Capital OSE, Drawing 125,000.00 90,000.00 280,000.00 80,000.00 680,000.00 30,000.00 The IESA for the year ended December 31, 2020 has a credit balance of P128,000.00 after the closing of revenue and expenses accounts. During the year, OSE made an additional investment of P250,000.00. REQUIRED: PREPARE THE STATEMENT OF CHANGES IN EQUITY OF OSE TRADING
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