Question: From the trial balance and the net income or net
From the trial balance and the net income or net loss determined in Exercise 3.6, prepare a statement of owner’s equity and a balance sheet for Housing Locators as of December 31, 2016. In Exercise 3.6, Using the account balances from Exercise 3.5, prepare a trial balance and an income statement for Housing Locators. The trial balance is for December 31, 2016, and the income statement is for the month ended December 31, 2016.
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