DATE Chapters Covered - Review/Reac Material PRIOR to Class Thursday P4-42 Completing the accounting cycle from adjusted trial balance to continuing Problem post-closing trial balance with an optional worksheet This problem continues the Canyon Canoe Company situation from Chapter 3. Requirements 1. Complete the worksheet at December 31, 2018 (optional). Use the unadjuste balance from Chapter 2 and the adjusting entries from Chapter 3. 2. Prepare an income statement for the two months ended December 31, 2018- Use the worksheet prepared in Requirement 1 or the adjusted trial balance fr Chapter 3. 3. Prepare a statement of retained earnings for the two months ended Decemt 2018. 4. Prepare a classified balance sheet (report form) at December 31, 2018. Assu note payable is long-term. 5. Journalize and post the closing entries at December 31, 2018. Open T-accou Income Summary and Retained earnings. Determine the ending balance for account. Denote each closing amount as Clos. and each account balance as 6. Prepare a post-closing trial balance at December 31, 2018, DATE Chapters Covered - Review/Reac Material PRIOR to Class Thursday P4-42 Completing the accounting cycle from adjusted trial balance to continuing Problem post-closing trial balance with an optional worksheet This problem continues the Canyon Canoe Company situation from Chapter 3. Requirements 1. Complete the worksheet at December 31, 2018 (optional). Use the unadjuste balance from Chapter 2 and the adjusting entries from Chapter 3. 2. Prepare an income statement for the two months ended December 31, 2018- Use the worksheet prepared in Requirement 1 or the adjusted trial balance fr Chapter 3. 3. Prepare a statement of retained earnings for the two months ended Decemt 2018. 4. Prepare a classified balance sheet (report form) at December 31, 2018. Assu note payable is long-term. 5. Journalize and post the closing entries at December 31, 2018. Open T-accou Income Summary and Retained earnings. Determine the ending balance for account. Denote each closing amount as Clos. and each account balance as 6. Prepare a post-closing trial balance at December 31, 2018