Question

Working Company, from Problem 4-2B, prepared an end-of-period spreadsheet (work sheet) at December 31, 2015, the end of the current fiscal year.
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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