Thanks I will leave a like! First image has the question and the second has the information (adjusted trial balance).

Step 4 Accounting Cycle Problem Summer 2023 Use the ADJUSTED TRIAL BALANCE columns (see updated answers on Canvas) to prepare formal financial statements WITH PROPER HEADERS on each Income Statement Statement of Retained Earnings (classified) Balance Sheet These will be graded for correctness. Remember that the Adjusted Trial Balance is still showing the BEGINNING balance of Retained Earnings. We will compute Net Income on the Income Statement, and then prepare the SRE, so then we will have an updated balance for Retained Earnings. So you will need to use the updated retained earnings from the Statement of Retained Earnings, to put on the Balance Sheet to get Assets = Liabilities + Equity. A Summer 2023 Trial Balances New balances in T-accounts AFTER adjusting entries G Name New balances in T-accounts AF TER closing entries are written \& posted are written \& posted are written \& posted Post-Closing trial balance Trial Balance Adjusted trial balance CREDIT 7