Question: Tom s Catering Services prepared the following work sheet for the

Tom’s Catering Services prepared the following work sheet for the year ended December 31, 20—.


Required
1. Complete the work sheet.
2. Prepare an income statement.
3. Prepare a statement of owner’s equity; assume that there was an additional investment of $ 2,500 on December 1.
4. Prepare a balance sheet.
5. Journalize the closing entries with the four steps in the correct sequence.
6. Prepare a post- closing trialbalance.


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  • CreatedOctober 21, 2014
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