Create a worksheet titled Statement of Changes in Owner s Equity that includes the information below. Solve this problem using a spreadsheet.
Mr. José is running a retail stationary shop and his capital on March 1st, 2005 is $10,000. He introduced additional capital of $2,000 on March 5th and his net income for March 2005 is $3,000. His withdrawals are $4,000.
Guidelines:
Show your work in the spreadsheet.
Make a note in the Statement where there is Net Income.