Question

Statement of Changes in Owners' Equity А B с D E Equity, Jan 1 $0 $0 $0 $0 Investment by Owner 60,000 31,500 37,500 140,000 Profit (Loss) for the year 15,750 30,500 (4,500) (8,000) Owner's Withdrawal (27,000) (20,000) (15,750) (63,000_) Equity, Dec 31 56,000 49,500 32,000 171,500 102,500 || 46,000 10,250 (19,750) 7,000

Answer 1

A
Investment by owner	60000
Add: Profit for the year	15750
Less: Equity, Dec. 31	-56000
Owner's Withdrawal	(19750)
B
Equity, Dec. 31	49500
Add: Owner's Withdrawal	27000
Less: Profit for the year	-30500
Investment by owner	46000
C
Investment by owner	31500
Less: Loss for the year	-4500
Less: Owner's Withdrawal	-20000
Equity, Dec. 31	7000
D
Equity, Dec. 31	32000
Add: Owner's Withdrawal	15750
Less: Investment by owner	-37500
Profit(loss) for the year	10250
E
Equity, Dec. 31	171500
Add: Owner's Withdrawal	63000
Less: Investment by owner	-140000
Add: Loss for the year	8000
Equity, Jan. 1	102500