Solution-Prepare a statement of changes in equity for

Prepare a statement of changes in equity for norman rae ltd

Reference no: EM133187054

Question - Norman Rae Ltd., a service business, provided a list of the general ledger accounts and their balances as at December 31, 2018:

Accounts payable	$10,500
Accounts receivable	14,000
Cash	10,000
Common shares	28,000
Dividends declared and paid	6,000
Depreciation expense	4,500
Equipment	30,000
Supplies	2,800
Supplies expense	3,500
Rent expense	3,000
Retained earnings, Jan. 1	15,000
Salaries expense	7,700
Service revenue	28,000

No common shares were issued during the year.

Required - Prepare a Statement of Changes in Equity for Norman Rae Ltd.

Reference no: EM133187054

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Prepare a statement of changes in equity for norman rae ltd : Norman Rae Ltd., a service business, provided a list of the general ledger accounts. Prepare a Statement of Changes in Equity for Norman Rae Ltd

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Prepare a statement of changes in equity for norman rae ltd

Reference no: EM133187054

Reference no: EM133187054

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