Sherlock Holmes began operations as a private investigator on January 1, 2014.

The trial balance columns of the worksheet for Sherlock Holmes, P.I., Inc. at March 31 are as follows.

Trial Balance

(a) Enter the trial balance on a worksheet and complete the worksheet.

(b) Prepare an income statement and a retained earnings statement for the quarter and a classified balance sheet at March 31.

(c) Journalize the adjusting entries from the adjustments columns of the worksheet.

(d) Journalize the closing entries from the financial statement columns of the worksheet.