The following is the trial balance prepared for Owen?s Art Supplies. Instructions a. Prepare an income statement.

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The following is the trial balance prepared for Owen?s Art Supplies.

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Instructions

a. Prepare an income statement.

b. Prepare a statement of owner?s equity.

c. Prepare a balance sheet.

Taking it further

Discuss how well the company performed.

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Related Book For  book-img-for-question

Accounting Principles Volume 1

ISBN: 978-1119502425

8th Canadian Edition

Authors: Jerry J. Weygandt, Donald E. Kieso, Paul D. Kimmel, Barbara Trenholm, Valerie Warren, Lori Novak

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