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Instructions: Below is the adjusted trial balance for Able Advertising Inc. (1) Prepare an Income Statement, Statement of Retained Earnings, and a Balance Sheet. (2)

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Instructions: Below is the adjusted trial balance for Able Advertising Inc. (1) Prepare an Income Statement, Statement of Retained Earnings, and a Balance Sheet. (2) Then prepare elosing entries, post them to t-accounts, and prepare a post-closing trial balance. \begin{tabular}{|l|l|l|l|l|l|l|} \hline \multicolumn{2}{|c|}{ Balance Sheet } & \multicolumn{3}{|c|}{ General Joumal } \\ \hline \end{tabular}

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