ACTIVITY 9

Based on the Trial Balance below, you are to make a Statement of Changes in Equity:

Marupok Corporation
Trial Balance
December 31, 2021

Cash 24,550.00
Accounts Receivable 11,700.00
Prepaid office rent 3,300.00
Supplies 300.00
Equipment 18,000.00
Accumulated depreciation- equipment 5,100.00
Notes payable 2,500.00
Bonds payable 15,325.00
Dela Cruz, Capital 15,000.00
Revenues 165,390.00
Cost of goods sold 56,800.00
Salaries expense 44,410.00
Telephone expense 1,275.00
Rent Expense 11,000.00
Income tax expense 25,500.00
Dues and subscription expense 280.00
Supplies expense 800.00
Depreciation expense - equipment 3,300.00
Miscellaneous expense 2,100.00
406,630.00

Not included in the Trial Balance that needs to be adjusted are the following:
1. An unrecorded sales of 4,500 pesos on credit.
2. Erroneously overstated the depreciation by 100 pesos.