Grizzly Corporation had the following shareholders' equity balances at January 1, 2020: The following events occurred in 2020:
1. Issued 50,000 common shares for $150,000 cash.
2. Declared and paid dividends of $25,000.
3. Reported profit of $40,000.
4. Reported other comprehensive income of $10,000.
Instructions
Prepare a statement of changes in equity using the following tabular format:

Question

Grizzly Corporation had the following shareholders' equity balances at January 1, 2020:  The following events occurred in 2020:
1. Issued 50,000 common shares for $150,000 cash.
2. Declared and paid dividends of $25,000.
3. Reported profit of $40,000.
4. Reported other comprehensive income of $10,000.
Instructions
Prepare a statement of changes in equity using the following tabular format:

Quizplus · Accepted Answer

The Answer of Grizzly Corporation had the following shareholders' equity balances at January 1, 2020:  The following events occurred in 2020:
1. Issued 50,000 common shares for $150,000 cash.
2. Declared and paid dividends of $25,000.
3. Reported profit of $40,000.
4. Reported other comprehensive income of $10,000.
Instructions
Prepare a statement of changes in equity using the following tabular format:

Grizzly Corporation Had the Following Shareholders' Equity Balances at January