Oliver Nicholas, the owner of Nicholas Marketing Services, prepared the following trial balance at December 31, 2024.

Question:

Oliver Nicholas, the owner of Nicholas Marketing Services, prepared the following trial balance at December 31, 2024.


Instructions

a. Prepare an income statement for the year ended December 31.

b. Prepare a statement of owner’s equity for the year ended December 31.

c. Prepare a balance sheet at the end of December 2024.


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: 9781119786818

9th Canadian Edition

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

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