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fill in the Statement of Equity FINANCIAL STATEMENTS Hughes Tools Company Adjusted Trial Balance 31-Oct-20 Credit Debit 98.000 70,000 100,000 15,000 220,000 20,000 64,000 200,000
fill in the Statement of Equity
FINANCIAL STATEMENTS Hughes Tools Company Adjusted Trial Balance 31-Oct-20 Credit Debit 98.000 70,000 100,000 15,000 220,000 20,000 64,000 200,000 175,000 Cash Accounts receivable Inventory Prepaid rent Equipment Accumulated depreciation, equipment Accounts payable Notes payable Common shares, 100,000 issued and outstanding Retained earnings Dividends declared Sales revenue Cost of goods sold Rent expense Depreciation expense Interest expense Income tax expense Selling & administrative expenses -0- 7,000 800,000 560,000 60,000 20,000 11,000 11,500 86,500 1,259,000 1.259,000 The Hughes Tool Company Statement of Changes in Equity For the month ended October 31, 2020 Number of Common Share Capital - Shares Common Shares $0 Retained Earnings Total $0 Balance, Beginning of Month Net income Declaration of dividends Issuance of common shares Balance, End of MonthStep by Step Solution
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