Question

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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