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Prepare a statement of changes in equity for the year ended

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Reference no: EM132972878

Question - Omega Company Limited Adjusted Partial Trial Balance December 31, 2020

Dr Cr

Share capital 20,000

Dividends 5,000

Revenue 512,900

Advertising expense 28,050

Insurance expense 9,600

Wages expense 378,500

Income tax expense 12,000

Utilities expense 12,600

Additional information

Retained earnings at January 1, 2020 were 28,200

The company issued $8,000 in share capital during the year.

Required - Prepare a statement of changes in equity for the year ended December 31, 2020?

Reference no: EM132972878

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