Financial Statements Create financial statements using appropriate methods based on accepted accounting principles Be sure to prepare these financial statements in the order listed, as there are important interdependencies among them Income Statement Prepare the income statement using the adjusted trial balance Statement of Owners Equity Prepare the statement of owners equity using the adjusted trial balance Balance Sheet Prepare the balance sheet using the adjusted trial balance Closing Entries Complete the Closing Entries tab of the company accounting workbook by closing all temporary income statement amounts to create closing entries

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Question: Financial Statements : Create financial statements using appropriate methods based on accepted accounting principles. Be sure to prepare these financial statements in the order listed,

Financial Statements: Create financial statements using appropriate methods based on accepted accounting principles. Be sure to prepare these financial statements in the order listed, as there are important interdependencies among them.

Income Statement: Prepare the income statement using the adjusted trial balance.
Statement of Owners Equity: Prepare the statement of owners equity using the adjusted trial balance.
Balance Sheet: Prepare the balance sheet using the adjusted trial balance.
Closing Entries: Complete the Closing Entries tab of the company accounting workbook by closing all temporary income statement amounts to create closing entries.

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