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prepare a statement of chnages in equity These items are taken from the Onancial statements of Blossom Corporation for the year ended December 31, 20213
prepare a statement of chnages in equity
These items are taken from the Onancial statements of Blossom Corporation for the year ended December 31, 20213 Retained earnings, January 1 $211,000 Cash 10.900 Salaries payable 3.000 Utilities expense 2,000 Equipment 56,000 Accounts payable 14,000 Buildings 62.000 Common shares 33.200 Dividends declared 2,000 Service revenue 212.900 1.500 Prepaid Insurance Repairs and maintenance expense 2.300 Land 175,500 Depreciation expense 5,700 Accounts receivable 13,700 Insurance expense 1,700 Salaries expense 119,800 Accumulated depreciation equipment 15,600 Income tax expense 6,000 Supplies 200 Operating expense 39,400 Supplies expense 1,000 Bank loan payable, due 2024 13.000 Trading investments 18,000 Accumulated depreciation-buildings 16,000 Interest expense 1,500 Interest revenue 500 Prepare a statement of changes in equity for the year. (If an amount reduces the account balance then enter amounts using elther a negative sign preceding the number eg.-45 or parentheses eg. (45) BLOSSOM CORPORATION Statement of Changes in Equity Common Shares Retained Earnings Total Equity $ > Step by Step Solution
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