Jover S.

Mascarinas Fundamentals of Accountancy, Business, and Mangement 2

11-Abm / St. Vincent Of Saragossa

Mr. X Rice Retail Store Mr. X Rice Retail Store

Statement of Changes
Mr. X Rice in Equity
Retail Store Statement of Changes
Mr. X Rice in Equity
Retail Store
For the year 2013
Statement of Changes in Equity For of
Statement theChanges
year 2014
in Equity
For the year 2015 For the year 2016
Mr. X, Capital – 2013 ₱ 200 000.00 Mr. X, Capital – 2014 ₱ 220 500.00
Add:X,Net
Mr. income
Capital for the year
– 2015 20 000.00
₱ 184 500.00 Add:X,Net
Mr. income
Capital for the year
– 2016 (36500.00
₱ 168 500.00)
TotalNet income for the year
Add: ₱ 220 500.00
(15 500.00) Total
Add: Net income for the year ₱ 184 000.00
25 500.00
Less:
Total Mr. X, Withdrawals ₱ 0.00
₱ 168 500.00 Less: Mr. X, Withdrawals
Total ₱ 0.00
₱ 194 000.00
Mr. X,Mr.
Less: Capital – 2013
X, Withdrawals ₱ 220 500.00
₱ 0.00 Mr. X,Mr.
Less: Capital – 2014
X, Withdrawals ₱(₱184 000.00
10.000.00
Mr. X, Capital – 2015 ₱ 168 500.00 Mr. X, Capital – 2016 ₱ 184 000.00

Mr. X Rice Retail Store

Statement of Changes in Equity
For the year 2017

Mr. X, Capital – 2017 ₱ 184 000.00

Add: Net income for the year 84 250.00
Total ₱ 268 250.00
Less: Mr. X, Withdrawals (₱ 20 000.00
Mr. X, Capital – 2017 ₱ 248 250.00

For the year 2013 of Mr. X, Rice Retail Store, the capital is increase by income, and
decrease by its withdrawals. By the 2014, the capital is decrease by its income and also its withdrawals.
For the year 2015, the capital is decrease by its income. For the year 2016, the income increases the
capital. Hence, withdrawals decreases the capital. By the year2017, the capital increaseby income.
Hence, withdrawals decreases the capital.