Question: Homework Assignment P4-40 Completing the accounting cycle from adjusted trial balance to post-closing trial balance Using the adjusted trial balance that Daniels Consulting prepared for

Homework Assignment P4-40 Completing the accounting cycle from adjusted trial balance to post-closing trial balance Using the adjusted trial balance that Daniels Consulting prepared for the company at December 31 (see below), complete the following requirements: Requirements 1. Prepare an income statement for the month ended December 31. 2. Prepare a statement of owner's equity for the month ended December 31. 3. Prepare a classified balance sheet (report form) at December 31. 4. Journalize the closing entries at December 31 . You may journalize all the expense accounts as one account (like we did in class). 5. Prepare a post-closing trial balance

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