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\begin{tabular}{|c|c|c|c|} \hline \multicolumn{4}{|c|}{ SUSQUEHANNA EQUIPMENT RENTALS } \\ \hline \multicolumn{4}{|c|}{ Statement of Changes in Equity } \\ \hline \multicolumn{4}{|c|}{ For the Year Ended December 31, Current Year } \\ \hline & Share Capital & \begin{tabular}{l} Retained \\ Earnings \end{tabular} & Total Equity \\ \hline Opening balances (1/1) & & - & $ \\ \hline & - & & \\ \hline Subtotal & 0 & 0 & \\ \hline & & & \\ \hline Ending balances (12/31) & $ & $ & $ \\ \hline \end{tabular} SUSQUEHANNA EQUIPMENT RENTALS After-Closing Trial Balance December 31, Year 1 \begin{tabular}{|l|l|} \hline \multicolumn{2}{|c|}{ Liabilities \& Equity } \\ \hline Liabilities: & \\ \hline Notes payable & \\ \hline Accounts receivable & \\ \hline Interest payable & \\ \hline Salaries payable & \\ \hline Dividends payable & \\ \hline Unearned rental fees & \\ \hline Income taxes payable & \\ \hline & \\ \hline & \\ \hline Total liabilities & \\ \hline Equity: & \\ \hline Share capital & \\ \hline Retained earnings & \\ \hline & \\ \hline Total equity & \\ \hline Total liabilities and equity & \\ \hline \end{tabular} Required information [The following information applies to the questions displayed below.] On December 1, Year 1, John and Patty Driver formed a corporation called Susquehanna Equipment Rentals. The new corporation was able to begin operations immediately by purchasing the assets and taking over the location of Rent-lt, an equipment rental company that was going out of business. The newly formed company uses the following accounts. \begin{tabular}{|c|c|c|c|} \hline \multicolumn{4}{|c|}{ SUSQUEHANNA EQUIPMENT RENTALS } \\ \hline \multicolumn{4}{|c|}{ Statement of Changes in Equity } \\ \hline \multicolumn{4}{|c|}{ For the Year Ended December 31, Current Year } \\ \hline & Share Capital & \begin{tabular}{l} Retained \\ Earnings \end{tabular} & Total Equity \\ \hline Opening balances (1/1) & & - & $ \\ \hline & - & & \\ \hline Subtotal & 0 & 0 & \\ \hline & & & \\ \hline Ending balances (12/31) & $ & $ & $ \\ \hline \end{tabular} SUSQUEHANNA EQUIPMENT RENTALS After-Closing Trial Balance December 31, Year 1 \begin{tabular}{|l|l|} \hline \multicolumn{2}{|c|}{ Liabilities \& Equity } \\ \hline Liabilities: & \\ \hline Notes payable & \\ \hline Accounts receivable & \\ \hline Interest payable & \\ \hline Salaries payable & \\ \hline Dividends payable & \\ \hline Unearned rental fees & \\ \hline Income taxes payable & \\ \hline & \\ \hline & \\ \hline Total liabilities & \\ \hline Equity: & \\ \hline Share capital & \\ \hline Retained earnings & \\ \hline & \\ \hline Total equity & \\ \hline Total liabilities and equity & \\ \hline \end{tabular} Required information [The following information applies to the questions displayed below.] On December 1, Year 1, John and Patty Driver formed a corporation called Susquehanna Equipment Rentals. The new corporation was able to begin operations immediately by purchasing the assets and taking over the location of Rent-lt, an equipment rental company that was going out of business. The newly formed company uses the following accounts