Essay
Westcock Shipbuilding Ltd. has a December 31 year end. On January 1, 2021, the company had the following shareholder's equity accounts. 
Westcock Shipbuilding Ltd. had the following transactions during 2021:
The company reported a profit of $ 450,000 and other comprehensive income of $ 15,000 for 2021.
Instructions
a) Record all of the transactions.
b) Prepare the Statement of Changes in Shareholders' Equity.
Correct Answer:
Verified
Correct Answer:
Verified
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