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Please fill in the blanks (The second photo shows the drop down of options for labels) WATT out of Account name Sales revenue $85000 Depreciation
Please fill in the blanks (The second photo shows the drop down of options for labels)
WATT out of Account name Sales revenue $85000 Depreciation and amortisation expense $12800 Electricity expense $2600 Cost of goods sold $27200 Rent expense $2600 Income tax expense $5790 Wages expense $17900 Office supplies expense 52600 Please note the following: - , at the end of the previous period, Smart Ltd had $307500 in Share capital, $250000 in Retained earnings and $38000 in General reserve. - during the current period, Smart Ltd issued shares valued at $64600 and bought-back $52300 worth of shares previously issued - during the current period, Smart Ltd distributed $35000 as interim dividends. - at the end of the current period, Smart Ltd declared a $47500 final dividend and transferred $37500 to General reserve from Retained earnings. Required: Prepare the statement of changes in equity for Smart Ltd for the current period. Important: -Do not include "s" sign or any thousands separators, ie. $46,000 should be written as 46000 - Include the minus (-) sign before amounts that recognise decreases - do not put those amounts in parentheses. - Include o for cells that do not need to recognise any change. Smart Ltd Statement of changes in equity for the period ended 30 June 2020 General reserve Total equity Balance at 1 July 2019 Profit after income tax interim dividend Final dividend Shares issued Shares buy-back Transfer from Retained earnings to General reserve Balance at 30 June 2020 Smart Ltd Statement of changes in equity for the period ended 30 June 2020 . General reserve Total equity Final dividend Balance at 1 July 2019 Shares buy-back Shares issued Profit after Income tax General reserve Retained earnings Interim dividend Share capital Final dividend Interim dividend Profit Shares Issued Shares buy-back
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