Question: Refer to Exercise. 1. After recording the transactions in Exercise, prepare the trial balance of Linda Oxford, Attorney, at May 31, 2010. Use the T-accounts

Refer to Exercise.

1. After recording the transactions in Exercise, prepare the trial balance of Linda Oxford, Attorney, at May 31, 2010. Use the T-accounts that have been prepared for the business.
2. How well did the business perform during its first month? Compute net income (or net loss) for the month.

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