Question: The completed worksheet for JP's Accounting Services for the month ended December 31, 2019, appears on pages 156-157. INSTRUCTIONS 1. Prepare an income statement. 2.

The completed worksheet for JP's Accounting Services for the month ended December 31, 2019, appears on pages 156-157.
INSTRUCTIONS
1. Prepare an income statement.
2. Prepare a statement of owner's equity. The owner made no additional investments during the month.
3. Prepare a balance sheet.
Analyze: By what total amount did the value of assets reported on the balance sheet decrease due to the adjusting entries?

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