Refer to the table for Beverly Entertainment Enterprises in (1) of Problem 3-9. Required 1. Prepare a

Question:

Refer to the table for Beverly Entertainment Enterprises in (1) of Problem 3-9.

Required

1. Prepare a trial balance at October 31, 2010.

2. Prepare an income statement for the month ended October 31, 2010.

3. Prepare a statement of retained earnings for the month ended October 31, 2010.

4. Prepare a classified balance sheet at October 31, 2010.

Balance Sheet
Balance sheet is a statement of the financial position of a business that list all the assets, liabilities, and owner’s equity and shareholder’s equity at a particular point of time. A balance sheet is also called as a “statement of financial...