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Below is the Adjusted Trial Balance for Golden Securities as at 30 June 2020: Golden...

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Accounting

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Below is the Adjusted Trial Balance for Golden Securities as at 30 June 2020: Golden Securities Trial Balance (Adjusted) As at 30 June 2020 Accounts Debits Credits Cash at bank 5,000 Accounts receivable 48,000 4,000 1,700 Equipment Accumulated depreciation-Equipment Accounts payable Bank loan 8,000 5,000 Capital 29,800 Drawings 3,200 Service revenue 55,000 Wages expense 15,000 Rent expense 9,500 Insurance expense 2,100 Depreciation expense- Equipment 12,700 99,500 99,500 Required: Prepare the Statement of Changes in Owner's Equity for the financial year assuming the owner did not make any contribution. Answer Template: If you accidentally delete the answer template, you may undo the deletion using "Ctrl + Z" (for Windows) or "Command + Z" (for Mac). If that does not work, please click on this link Answer Template. You may copy and paste the answer template to the answer box. 7 B 1

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