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  • U3A4 - Capital Section of A Balance Sheet - Template

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    Jay Patel
    200 views2 pages
    The document contains capital account information for three individuals - D. Price, T. Tulowitskie, and M. Pillar - for the period of January 1st, 2019 to December 31st, 2019. It shows the opening balance, net income/loss, drawings, change in equity, and closing balance for each individual's capital account over the year. D. Price's account increased in equity by $12,459, T. Tulowitskie's decreased by $213,000, and M. Pillar's remained unchanged at $240,000.

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    Original Title

    U3A4 - Capital Section of a Balance Sheet - Template (1)

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    The document contains capital account information for three individuals - D. Price, T. Tulowitskie, and M. Pillar - for the period of January 1st, 2019 to December 31st, 2019. It shows the opening balance, net income/loss, drawings, change in equity, and closing balance for each individual's capital account over the year. D. Price's account increased in equity by $12,459, T. Tulowitskie's decreased by $213,000, and M. Pillar's remained unchanged at $240,000.

    Copyright:

    © All Rights Reserved
    Download as XLSX, PDF, TXT or read online from Scribd
    Flag for inappropriate content
    Download as xlsx, pdf, or txt
    200 views2 pages

    U3A4 - Capital Section of A Balance Sheet - Template

    Uploaded by

    Jay Patel
    The document contains capital account information for three individuals - D. Price, T. Tulowitskie, and M. Pillar - for the period of January 1st, 2019 to December 31st, 2019. It shows the opening balance, net income/loss, drawings, change in equity, and closing balance for each individual's capital account over the year. D. Price's account increased in equity by $12,459, T. Tulowitskie's decreased by $213,000, and M. Pillar's remained unchanged at $240,000.

    Copyright:

    © All Rights Reserved
    Download as XLSX, PDF, TXT or read online from Scribd
    Flag for inappropriate content
    Download as xlsx, pdf, or txt
    of 2

    Scenario 1:

    D. Price, Capital
    Balance, January 1st 2019 $ 25,900.00
    Net Income $ 17,209.000
    Drawings 4,750.00
    Increase in Equity 12,459.00
    Balance, December 31st 2019 $ 38,359.00

    Scenario 2:
    T. Tulowitskie, Capital
    Balance, January 1st 2019: $ 1,620,000.00
    net Income -$ 150,000.00
    Drawings 63,000.00
    Increase in equity - 213,000.00
    Balance, December 31st 2019  $ 1,407,000.00

    Scenario 3:
    M. Pillar, Capital
    Balance, January 1st 201 $ 240,000.00
    Net Income $ 30,000.00
    Drawings 30,000.00
    Increase in Equity 0.00
    Balance, December 31st 2019 $ 240,000.00
    Jay Patel

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