E2-24A. (Learning Objective 4: Preparing and using a trial balance) Refer to Exercise 2-23A.

1. After recording the transactions in Exercise 2-23A, prepare the trial balance of Linda Oxford, Attorney, at May 31, 20X6. Use the T-accounts that have been prepared for the business.

2. How well did the business perform during its first month? Compute net income (or net loss) for the month.