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Income Statement: Prepare the income statement using the adjusted trial balance Statement of Owners Equity: Prepare the statement of owners equity using the adjusted trial

  • Income Statement: Prepare the income statement using the adjusted trial balance
  • Statement of Owners Equity: Prepare the statement of owners equity using the adjusted trial balance.
  • Balance Sheet Assets: Prepare the balance sheet asset entries using the adjusted trial balance.
  • Balance Sheet Liabilities: Prepare the balance sheet liabilities entries using the adjusted trial balance.
  • Closing Entries: Complete the Closing Entries tab of the company accounting workbook by closing all temporary income statement amounts to create closing entries.
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