Using the trial balance provided above, prepare an income statement and statement of changes in equity for

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Using the trial balance provided above, prepare an income statement and statement of changes in equity for the first month ended May 31, 2014, and a balance sheet at May 31, 2014.

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Analysis Component: Prepare two different journal entries, including explanations, that might have created the May 31, 2014, balance in Utilities Expense of $1,400. Use May 31, 2014, as the date for your entries.
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Fundamental Accounting Principles

ISBN: 978-0071051507

Volume I, 14th Canadian Edition

Authors: Larson Kermit, Tilly Jensen

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