Question

Winter Consulting, from Problem 4-2A, prepared an end-of-period spreadsheet (work sheet) at December 31, 2015, the end of the current fiscal year (shown below).
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. On the basis of the end-of-period spreadsheet (work sheet), journalize the closing entries.
5. Prepare a post-closing trial balance.


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  • CreatedSeptember 15, 2015
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