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Based on this trial balance prepare statement of Change in equity. FASHION UNLIMITED INC. Adjusted Trial Balance November 30, 2021 Credit Debit $ 20,000 30,600
Based on this trial balance prepare statement of Change in equity.
FASHION UNLIMITED INC. Adjusted Trial Balance November 30, 2021 Credit Debit $ 20,000 30,600 21,000 950 1,200 37,000 26,800 Cash Accounts receivable Inventory.. Supplies.. Prepaid insurance. Long-term investments Equipment... Accumulated depreciation-equipment Accounts payable Refund liability Salaries payable Interest payable.... Income tax payable Deferred revenue... Bank loan payable Common shares.. Retained earnings Dividends declared Sales Cost of goods sold. Salaries expense Rent expense Depreciation expense. Supplies expense Insurance expense Interest expense Advertising expense Income tax expense Totals....... $ 16,080 30,100 2,300 1,210 175 1,100 600 31,000 16,400 30,000 10,000 241,780 159,500 33,810 13,850 5,360 700 600 4,175 2,100 3,100 $370,745 $370,745Step by Step Solution
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