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The Oromocto Corporation reports the following adjusted account balances, shown in alphabetical order, at the end of its fiscal year, February 28, 2018: Accounts payable
The Oromocto Corporation reports the following adjusted account balances, shown in alphabetical order, at the end of its fiscal year, February 28, 2018: Accounts payable 13,700 Income tax payable 4,300 Accounts receivable 27,600 Insurance expense 3,300 Accumulated depreciation-equipment 5,600 Prepaid insurance 3,000 Cash 18,500 Rent expense 5,800 Common shares 6,730 Retained earnings 21,370 Depreciation expense 4,600 Salaries payable 2,550 Dividends declared 1,900 Salaries expense 44,350 Equipment 23,400 Supplies 400 Fees earned 89,600 Supplies expense 4,000 Income tax expense 4,700 Utilities expense 2,300 During the year ended February 28, 2018, common shares were issued for $5,000. Prepare a statement of changes in equity. (For decreases use either a negative sign preceding the number, e.g. -45 or parenthesis, e.g. (45).) OROMOCTO CORPORATION Statement of Changes in Shareholders' Equity Year Ended February 23, 2018 Common Shares Retained Earnings Total Equity $ Attempts: 0 of 3 used OROMOCTO CORPORATION Statement of Financial Fosition February 28, 2018 Assets Ad Liabilities and Shareholders' Equity Attempts: 0 of 3 used
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