5-4 Using the answer from Problem 4-9 in Chapter 4 and the accrual-adjusted statement of owner equity from the answer in Problem 5-3 in this chapter, prepare an accrual-adjusted balance sheet. Using the unadjusted trial balance from Problem 5-2 and the cash-basis statement of owner equity from the answer in Problem 5-3, prepare a cash-basis balance sheet. Make a list of differences between the two balance sheets.

5-4 - Using the answer from Problem 49 in Chapter 4 and the accrual-adjusted statement of owner equity from the answer in Problem 5-3 in this chapter, prepare an accrual-adjusted balance sheet. Using the unadjusted trial balance from Problem 5-2 and the cash-basis statement of owner equity from the answer in Problem 5-3, prepare a cash-basis balance sheet. Make a list of differences between the two balance sheets