The accountant for the firm owned by Kathryn Price prepares financial statements at the end of each

Question:

The accountant for the firm owned by Kathryn Price prepares at the end of each month.
INSTRUCTIONS
Use the figures in the T accounts for Problem 3.4B to prepare a trial balance, an income statement, a statement of owner's equity, and a balance sheet. (The first line of the statement headings should read "Kathryn Price, Counselor and Attorney at Law.") Assume that the transactions took place during the month ended April 30, 2013. Determine the account balances before you start work on the net change in owner's equity occurred during the month of April?
Financial Statements
Financial statements are the standardized formats to present the financial information related to a business or an organization for its users. Financial statements contain the historical information as well as current period’s financial...