Question

NEED STATEMENT OF CHANGES IN EQUITY EOY
Bower Consulting Company
T-Accounts – 2013
Assets			=	Liabilities		+	Stockholders’ Equity
Cash				Accounts Payable			Common Stock
BBAL 25000		2500			14000			B BAL 20000
								EBAL	20000
112500		1200			E BAL 14000
1500							Retained Earnings
								BBAL	25000
								EBAL	25000
E BAL 135300							Revenue
								1200	112500
BBAL 20000 Inventory									1500
2500		33700					ebal	112800
14000		560					Cost of goods sold
448		528					33700		448
							560
E BAL 2160							528
								Ebal	34340

Answer 1

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Bower Consulting Company
STATEMENT OF CHANGES IN EQUITY
	Common Stock	Retained Earnings	Total
Opening Balance	20,000.00	25,000.00	45,000.00
Addition during the year
Profit for the year	-	78460	78460
$//img.homeworklib.com/questions/0bf5c1e0-73ba-11ea-823c-2fbd98442d3d.gif?x-oss-process=image/resize,w_560$ Closing Balance	20,000.00	103,460.00	123,460.00