Answered step by step
Verified Expert Solution
Link Copied!

Question

1 Approved Answer

pls help with the bottom part , thanks statement OT ZICOTTIE For the Year Ended July 31, 2020 Revenues Service Revenue 74800 Rent Revenue 7700

pls help with the bottom part , thanks image text in transcribed
image text in transcribed
image text in transcribed
statement OT ZICOTTIE For the Year Ended July 31, 2020 Revenues Service Revenue 74800 Rent Revenue 7700 Total Revenues 82500 - Expenses 48700 Wages Expose Wages Expense Utilities Expense 20800 Depreciation Expense 4400 Interest Expense 100 Income Tax Expense 1600 Total Expenses 75600 Net Income / (Loss) 6900 00019 Your answer is partially correct. Try again. Prepare statement of changes in equity for the year. BARONE CORPORATION Statement of Changes in Equity For the Year Ended July 31, 2020 Common Shares Retained Earnings Total Shareholders' Equity Balance, Aug. 1, 2019 31,200 22,700 53,900 Issued Common Shares: 15,200 EPPE 15,200 4,000 4,000 Dividends Declared 6 6,900 6,900 | Net Income / (Loss) : 25,600 72,000 46,400 Balance, July 31, 2020

Step by Step Solution

There are 3 Steps involved in it

Step: 1

blur-text-image

Get Instant Access to Expert-Tailored Solutions

See step-by-step solutions with expert insights and AI powered tools for academic success

Step: 2

blur-text-image

Step: 3

blur-text-image

Ace Your Homework with AI

Get the answers you need in no time with our AI-driven, step-by-step assistance

Get Started

Recommended Textbook for

More Books

Students also viewed these Accounting questions