Comedy Productions prepared the following adjusted trial balance at December 31, 2015.

Instructions
1. Prepare an income statement for the year ended December 31.
2. Prepare a statement of owner€™s equity for the year ended December 31. No additional investments were made during the year.
3. Prepare a balance sheet as at December 31.
4. Journalize the closing entries.
5. Prepare a post-closing trial balance.

Transcribed Image Text:

Comedy Productions Adjusted Trial Balance December 31, 2015 Debit Balances Credit Balances Cash. Accounts Receivable Equipment.. Accumulated Depreciation- Equipment Accounts Payable Unearned Revenue Ken Louis, Capital Ken Louis, Withdrawals Fees Revenue Salaries and Wages Expense...3,274 Depreciation Expense 3,100 924 2,000 120 1,251 734 2,000 3,000 8.253 60 12,358 12,358