P$37$B Millennial Communications provides management consulting services. The business had the following account balances.

Journalize the entries. Add new accounts if necessary.

Prepare an adjusted trial balance on December $31,2020.$

Prepare an income statement for the year ended December $31,2020.$ List expenses in alphabetical order.

Prepare a statement of owner$$s equity for the year ended December $31,2020.$ Assume there have been no changes to the capital account since January $1.$

Prepare a balance sheet at December $31,2020.$