Republic of the PhilippinesDepartment of EducationREGION IV-A CALABARZONSCHOOLS DIVISION OF BATANGAS7D.4 ASSIMILATIONa. What I have Learned?Activity 8: Let’s Do this Way!1. Auto Clean Services is owned by Mrs. Cora Mendoza. The business has beginningcapital of₱856,800. In 2019, she invested additional₱63,750. During the year, AutoClean Services incurred a net loss of₱,680.How much is the balance of Auto CleanServices’ capital as of December 31, 2019?2. Determine how much is the balance of Malinis Laundry Shop’s capital as of December31, 2019 based on the following information:The owner’s equity of Malinis Laundry Shop has a balance of₱90,000 on January 1,2019. Transactions affecting equity during 2019 are as follows:a. Mr. Astig, the sole proprietor, provided additional investment of P180,000 to thebusiness.85b. Mr Astig’s drawings during the period totalled₱70,000.c. The business earned profit of₱220,000.b. Assessment / What I can showActivity 9:. DirectionPrepare a Statement of Changes in Equity in a proper format.The following balances were retrieved from the records of Juan JanitorialServices for the year ended December 31, 2019:Capital, January 1, 2019₱500,000Withdrawals100,000Additional Investments50,000Net Loss(45,000):E. Guide QuestionsActivity 10: “Question and Answer”Directions: Answer the following questions.See Rubrics below.1. What information can be found on the SCE?.2Why is it important to prepare an SCE?/10MY SCORE:/10MY SCORE:/10MY SCORE:
