Exercise 3.6Preparing a trial balance and an income statement.

Using the account balances from Exercise 3.5, prepare a trial balance and an income statement for Residential Relocators. The trial balance is for December 31, 2019, and the income statement is for the month ended December 31, 2019.

Objectives 3-5, 3-6

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CONTINUING Problem Exercise 3.7Preparing a statement of owner’s equity and a balance sheet.

From the trial balance and the net income or net loss determined in Exercise 3.6, prepare a statement of owner’s equity and a balance sheet for Residential Relocators as of December 31, 2019.

Objective 3-6