From the completed worksheet in Exercise 4-4B prepare the following:
a. An income statement for December.
b. A statement of owner’s equity for December.
c. A balance sheet as of December 31, 2023.

Data from in Exercise 4-4B.

From the following trial balance and adjustment data, complete a worksheet for J. Revere as of December 31, 2023:
Depreciation expense, store equipment, $6.00
Insurance expired, $3.00
Store supplies on hand, $5.00
Wages owed but not paid, $8.00 (they are an expense in the old year)

Transcribed Image Text:

Cash Accounts Receivable Prepaid Insurance Store Supplies Store Equipment J. REVERE TRIAL BALANCE DECEMBER 31, 2023 Accumulated Depreciation, Store Equipment Accounts Payable J. Revere, Capital J. Revere, Withdrawals Revenue from Clients Rent Expense Wage Expense Dr. 400 1000 700 10 00 2000 300 900 700 7000 Cr. 600 1200 600 4600 7000