(L. OBJ. 5) Preparing financial statements from the trial balance [20-30 min]
Link Back to Chapter 1 (income Statement, Statement of Owners Equity, Balance Sheet). Refer to Problem 2-50 B. After completing the trial balance in Problem 2-50 B, prepare the following financial statements for Sharon Silver, Registered Dietician:
Requirements
1. Income statement for the month ended October 31, 2011.
2. Statement of Owner’s Equity for the month ended October 31, 2011. The beginning balance of Capital was 0.
3. Balance sheet at October 31, 2011.
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