Question: The Working Papers present the completed work sheet for L. Bodwa, Licensed Surveyor, for the month of October. Instructions 1. Prepare an income statement. 2.

The Working Papers present the completed work sheet for L. Bodwa, Licensed Surveyor, for the month of October.

Instructions 1. Prepare an income statement.

2. Prepare a statement of owner’s equity. Assume that no additional investments were made during October.

3. Prepare a balance sheet.

4. Journalize the adjusting entries.

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