llll 5 Il the spreadsheet. entries adjusting 6 complete and post owner's equity and a balance sh the journal. balance. of is account #33 in the re an adjusted a statement Summary ournal. cham 8 Prepare an income statement, Page the the clo 9 Prepare and post the closing entries. on columns opposite the closing entries accounts by inserting a line in both the Balance 10 Prepare a post-closing trial balance. Problems: Series B PR 4-1B Financial statements and closing entries OBJ Last Chance Company offers legal consulting advice to prison June Last Chance 2016 inmates. at 1,2 Total assets: 2,425 the fiscal year. 1. Prepare an income statement for the year ended June 30 30. addi Instructions 2 repare a statement of owner's equity for the year ended June No vestments were made during the year. Ledger 3. Prepare a balance sheet as of June 30 4. On the basis of the end-of-period spreadsheet, journalize the closing entries. 5. Prepare a post-closing trial balance