Question

Worksheet Month Ended January 31, 2019 Trial Balance Adjustments Adjusted Trial Bal Income Statement Balance Sheet DR CRDR CRDR CRDR CR DR CR 123 200 123 200 123 200 16.500 16.500 15.500 300 660 000 600 4.000 20.000 5.000 20.000 1.000 300 2.000 500 48,500 1000 300 2.000 19,500) 6.500 20.000 1.000 300 20000 19.500 6,500 20,000 TE 150.000 150.00pl 150.000 Acct No Account Title 101 Cash 102 Accounts Receivable 103 Allowance for Doubtful Aucts. 105 Interest Receivable 106 Dividend Receivable 110 Merchandise Inventory 119 office and Store Supplies 120 Prepaid Insurance 121 Prepaid Rent 150 Investment Debt Sec. (Available for Sale 151 Investment in Equity Sec (Fair Value) 155 Office Equipment 156 Accumulated Deprn. - Office Equipment 160 Warehouse Equipment 161 Accum. Depre.-Warehouse Equip 170 Building 171 Accum. Depre. - Building 201 Accounts Payable 203 Interest Payable 209 Salaries Payable 219 Employee's Fed Inc Taxes Payable 225 FICA Taxes Payable 240 Short-term Notes Payable 245 Common Stock Cash Dividends Payable 248. Corporate Income Taxes Payable 280 Bonds Payable 281 Discount/Premium on Bonds Payable 301 Common Stock 302 Additional Paid-In Capital (C/S 303 Preferred Stock 304 Additional Paid-in Capital (P/S 339 Retained Earnings 340 Accumulated Other Comprehensive Income 390 Treasury Stock 39.900 39.900 39 900 500 500 1.500 1.000 1 500 1.000 1.000 12 000 12 000 12.000 125,000 125.000 125 oool 12.000 200 11,800 11.Bool 20.000 50.000 50 000 5,000 71,400 1.500 20.000 50.000 60,000 5.000 71 400 20.000 50,000 60,000 5.000 71.400 1,500 8.000 8.000 B .000

Please complete the statement of changes of Owners Equity below.

Statement of Changes In Owners Equity
	Common Stock	Additional PIC	Retained Earnings	Accumulated Other Comprehensive Income	Treasury Stock	Totals
Net Income
Dividends
Issued PIC
Treasury Stock
Debt Securities (Unrealized)
Other Comprehensive Income
Ending Balance

Answer 1

Solution Statement of Changes in Owners Equity Accumulated Common Additional Retained Other Stock PIC Earnings Comprehensive Income 85,582 Treasury Stock Totals 85,582 20,000 55,000 Net Income Dividends Issued PIC (WN-1) Treasury Stock Debt Securities (Unrealized) Other Comprehensive Income (8,000) 75,000 (8,000) (500) 1,500 (500) 1,500 Ending Balance 20,000 55,000 85,582 1,000 (8,000) 153,582 The above figures have been calculated as under: Common Stock Additional PIC Retained Earnings Accumulated Other Comprehensive Income Treasury Stock Totals 20,000 50,000 5,000 71,400 301-Common stock 302-Additional paid in capital(C/S) 304-Additional paid in capital(P/S) 339-Retained earnings 340-Accumulated Other comprehensive Income 390-Treasury Stock 801-Unrealized Holding Gain/Loss-OCI Net Income Totals 1,500 20,000 50,000 5,000 71,400 1,500 (8,000) (500) 14,182 153,582 (8,000) (500) 20,000 55,000 14,182 85,582 1,000 (8,000)