Question: Using the information above, complete the worksheet for the month (TIPS: Worksheet has the trial balance section, the adjustments section, the adjusted trial balance section,
Using the information above, complete the worksheet for the month (TIPS: Worksheet has the trial balance section, the adjustments section, the adjusted trial balance section, the income statement and the balance sheet sections). QUESTION 4(10%) Based on the answers from question 3, please prepare Lorna Bubble Tea's income statement for the month ended 31 December 2021. QUESTION 5 (35\%) Based on the answers from question 3, prepare Lorna Bubble Tea's statement of owner's equity and balance sheet at 31 December 2021 . Using the information above, complete the worksheet for the month (TIPS: Worksheet has the trial balance section, the adjustments section, the adjusted trial balance section, the income statement and the balance sheet sections). QUESTION 4(10%) Based on the answers from question 3, please prepare Lorna Bubble Tea's income statement for the month ended 31 December 2021. QUESTION 5 (35\%) Based on the answers from question 3, prepare Lorna Bubble Tea's statement of owner's equity and balance sheet at 31 December 2021
Step by Step Solution
There are 3 Steps involved in it
Get step-by-step solutions from verified subject matter experts
