Required:

1. Refer to Neo Aglugub 2. Refer to Benedicta Cumagun 3. What's the amount of assets owned by Beatriz Onate as at Dec. 31, 2019?
a.) What's the owner's equity as at Dec. 31, 2018? a.) What's the owner's equity as at Dec. 31, 2018 A = L + OE
OE = A - L OE = A - L A = L + [(Add'l Investments + Profit) - Withdrawals]
OE = 450,000 - 235,000 OE = 350,000 - 225,000 A = 190,000 + [(77,500 + 90,000) - 38,750]
OE = 215,000 OE = 125,000 A = 318,750
b.) What's the owner's equity as at Dec. 31, 2019? b.) What's the owner's equity as at Dec. 31, 2019
OE = (Add'l Investments + Profit) - Withdrawals OE = A - L 4. What's the amount of additional investments in Placido Tuddao made
OE = (50,000 + 75,000) - 25,000 OE = 410,000 - 275,000 during 2019?
OE = 100,000 OE = 135,000 Add'l Investments = A - L - Profit + Withdrawals
c.) What’s the amount of liabilities as at Dec. 31, 2019 c.) What's the profit for 2019? Add'l Investments = 1,250,000 - 640,000 - 120,000 - 0
L = A - OE Profit = (OE + Withdrawals) - Add'l Investments Add'l Investments = 490,000
L = 480,000 - 100,000 Profit = (135,000 + 30,000) - 15,000
L = 380,000 Profit = 150,000