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Instructions (a) Enter the trial balance on a worksheet and complete the worksheet. (b) Prepare an income statement and owner's equity statement for the quarter

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Instructions (a) Enter the trial balance on a worksheet and complete the worksheet. (b) Prepare an income statement and owner's equity statement for the quarter and a classified balance sheet at March 31.T. Magnum did not make any additional investments in the business during the quarter ended March 31, 2010. (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

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