Continuing Problem

This problem continues the Davis Consulting situation from Problem P3-45 of Chapter 3.

P4-39 Completing the accounting cycle from adjusted trial balance to post-closing

trial balance with an optional worksheet

Start from the posted T-accounts and the adjusted trial balance that Davis

Consulting prepared for the company at December 31.

Requirements

1. Complete the worksheet at December 31. (optional)

2. Prepare an income statement for the month ended December 31.

3. Prepare a statement of owner