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The balances shown below are the ending balances for Scott Ltd as at 30 September 2019. Scott Ltd wants you to prepare a statement of
The balances shown below are the ending balances for Scott Ltd as at 30 September 2019. Scott Ltd wants you to prepare a statement of comprehensive income and a statement of changes in equity "SOCE for the month of September, as well as a balance sheet as at 30 September 2019. (See page 12-29 for the format for an SOCE, but adapt what you see to the current problem.) Note that the beginning balance of Share Capital was $20,000, and $10,000 additional shares were issued during September. Retained earnings, September 1 Share capital Accounts payable Equipment Service revenue Dividends Supplies expense Cash $12,000 30,000 7,000 37,000 24,000 6,000 3,500 8,000 700 2,800 9,000 14,000 2,000 10,000 Utilities expense Supplies Salaries and wages expense Accounts receivable Rent expense Loan payable (due 31 December 2020)
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