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help with the red blocks, green blocks are correct (statement of changed in equity for the month of june) On June 1, 2021, Martinez Corp.
help with the red blocks, green blocks are correct
On June 1, 2021, Martinez Corp. was formed. Its assets, liabilities, share capital, revenues, expenses, and dividends as at June 30 follow: Cash $14,400 Supplies $1,152 Accounts receivable 8.640 Equipment 49,920 7.008 Accounts payable 768 Interest expense Bank loan payable 22.080 Office expense 1.440 34,560 Utilities expense 1.440 Common shares 960 Dividends declared 672 Income tax expense 23.232 Salaries expense 5.472 Service revenue Supplies expense 2,016 MARTINEZ CORP. Statement of Changes in Equity Month Ended June 30, 2021 Common Shares Retained Earnings Total Equity Balance, June 1 34,560 A 34.560 Issued Common Shares Net Income /(Loss) 11424 11.424 Dividends Declared - 960 -960 Balance June 30 34 560 10.464 $ 45.024 (statement of changed in equity for the month of june)
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