P2-39A (L. OBJ. 5) Preparing financial statements from the trial balance (20—30 min]
Link Back to Chapter .1 (Income Statement, Statement of Owner’s Equity, Balance Sheet). Refer to Problem 2-29A. After completing the trial balance in Problem 2-29A, prepare the following financial statements for Donna White, Designer:
Requirements
1. Income statement for the month ended January 31, 2010.
2. Statement of Owner’s Equity for the month ended January 31, 2010. The beginning balance of Capital was $0.
3. Balance sheet at January 31, 2010.
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