chapter 4 hw

Beacen Signus Company maintains and repairs warning lights, such as those found on radio towers and kghenouses. Beacon Signais Comparty prepared the following end-ol-period spreadsheet at December 31; 2019, the end of the fiscal year J mare Check My Work whes remaining Next Instructions Required: 1. Propare an income statement for the year ended December 31 . If a net loss has been incumed, entev that amount as a negative number using a minus sign. Be sure to complete the statement heading. Use the ist of Labeis and Amount Doscriptions for the cocrect wonding of text iterns ofher than account names. You will not noed to ender colons () on the income statement. 2. Prepare a statement of owner's equily for the year ended December 31 . No addianal investments weve made cturing the year For those boves in which you must enter subtracted or negative numbers use a minus sign. Be sure fo complete the statement heading. Use the list of Labels and Amount Descriptions for the comect wording of text items. 3. Prepare a balance sheot as of December 31 . Foved assets must be entered in order according to account number: Be sure to complete the statement hoading. Use the Ist of Labols and Amount Descriptions for the correct wording of foxt Berns other than account names. You wil not need to enter colons ( ) or the word "Less" on the batance sheet: they wil automatically inserf where necessary. see the chart of accounts. 5. Prepare a post-closing trial balance