From the ledger accounts prepared for P15-16 and P15-17, prepare a trial balance. Extend the trial balance

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From the ledger accounts prepared for P15-16 and P15-17, prepare a trial balance. Extend the trial balance to an eight-column work sheet like that shown in Table 15-16 , and use the work sheet to prepare the following financial statements:

(a) Income statement,

(b) Statement of changes in own-

er’s equity, and

(c) Balance sheet.



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Introduction to Governmental and Not for Profit Accounting

ISBN: 978-0132776011

7th edition

Authors: Martin Ives, Terry K. Patton, Suesan R. Patton

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