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Prepare a statement of changes in shareholders equity

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Reference no: EM132469123

Actinolite Automobiles Inc. Adjusted Trial Balance

December 31, 2023

 

 

 

Debit

Credit

Accounts payable

 

$44,620

Accounts receivable

$25,430

 

Accumulated depreciation - equipment

 

14,300

Accumulated depreciation - building

 

95,500

Accumulated other comprehensive income -

0

 

Jan 1, 2023

 

 

Advertising expense

9,700

 

Building

400,000

 

Cash

157,000

 

Cash dividends - common

10,000

 

Common shares (10,000 shares issued)

 

250,000

Question 1: Prepare a statement of comprehensive income on an all-inclusive basis (ignoring earnings per share)

Question 2: Prepare a statement of changes in shareholders' equity for the year

Question 3: Prepare the shareholder's equity section of the balance sheet at December 31, 2023

Reference no: EM132469123

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