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    Momo, Capital-Beginning P 0 Add: Net Income 41,501 Additional Investment 528,000 Totals Less: Momo, Withdrawal 40,000

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    Flordeliza Halog
    Momo Assurance Company's owner's equity increased from P0 to P529,501 for the month ended October 31, 2016. This was due to net income of P41,501 and an additional investment of P528,000. The owner's equity was reduced by a withdrawal of P40,000, leaving the ending balance of P529,501.

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    Momo, Capital-Beginning P 0 Add: Net Income 41,501 Additional Investment 528,000 Totals Less: Momo, Withdrawal 40,000

    Uploaded by

    Flordeliza Halog
    5 views1 page
    Momo Assurance Company's owner's equity increased from P0 to P529,501 for the month ended October 31, 2016. This was due to net income of P41,501 and an additional investment of P528,000. The owner's equity was reduced by a withdrawal of P40,000, leaving the ending balance of P529,501.

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    Momo Assurance Company's owner's equity increased from P0 to P529,501 for the month ended October 31, 2016. This was due to net income of P41,501 and an additional investment of P528,000. The owner's equity was reduced by a withdrawal of P40,000, leaving the ending balance of P529,501.

    Copyright:

    © All Rights Reserved
    Download as PDF, TXT or read online from Scribd
    Flag for inappropriate content
    Download as pdf or txt
    5 views1 page

    Momo, Capital-Beginning P 0 Add: Net Income 41,501 Additional Investment 528,000 Totals Less: Momo, Withdrawal 40,000

    Uploaded by

    Flordeliza Halog
    Momo Assurance Company's owner's equity increased from P0 to P529,501 for the month ended October 31, 2016. This was due to net income of P41,501 and an additional investment of P528,000. The owner's equity was reduced by a withdrawal of P40,000, leaving the ending balance of P529,501.

    Copyright:

    © All Rights Reserved
    Download as PDF, TXT or read online from Scribd
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    Momo Assurance Company

    Statement of Changes in Owner's Equity


    For the Month Ended October 31, 2016
    Momo, Capital-beginning P 0
    Add: Net income 41,501
    Additional investment 528,000
    Totals P 569501
    Less: Momo, Withdrawal 40,000
    Momo, Capital-ending P 529,501

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