Hamlet Productions prepared the following adjusted trial balance at December 31, 2015.

Instructions
1. Prepare an income statement for the year ended December 31.
2. Prepare a statement of owner€™s equity for the year ended December 31. No additional investments were made during the year.
3. Prepare a balance sheet as at December 31.
4. Journalize the closing entries.
5. Prepare a post-closing trial balance.

Transcribed Image Text:

Hamlet Productions Adjusted Trial Balance December 31, 2015 Debit Credit Balances Balances 1,200 3,000 Cash Accounts Receivable Equipment Acc. Depreciation Equipment Accounts Payable Unearned Revenue Craig Logan, Capital Craig Logan, Withdrawals Fees Revenue Salaries and Wages Expense Depreciation Expense 623 160 894 645 1,786 4,000 7,563 2,145 80 11. 048 11,048