Using the information in Problem 3-9B, complete the following:
In problem 3-9B

1. Set up balance column accounts for Hallmark Surveying Services and enter the balances listed In the unadjusted trial balance.
2. Post the adjusting entries prepared in Problem 3-9B to the balance column accounts.
3. Prepare an adjusted trial balance.
4. Use the adjusted trial balance to prepare an income statement, a statement of changes in equity, and a balance sheet. Assume that the owner, Ben Hallmark, made owner investments of $4,000 during the month.
Analysis Component: At December 31, 2014, how much of the business's assets are financed by the owner? by debt? Assuming total assets at the end of the previous month totalled $84,200, did equity financing increase or decrease during December? Generally speaking, is this a favourable or unfavourable change?