Stuck on these two steps in the accounting cycle,help?

ACCOUNTING CYCLE STEP Mected by the adjusting 6: Recalcula sistent with the format of your unadjusteo t te the general ledger account balances for all accounts balance con entries, if you haven't already done so, and then develop another trial effect of all adjustin either handwrit electronically, be sure to bring a ntified as an adjusted trial balance to reflect the fact that the account baia step of your unadjusted trial balance. This new trial balance is account balances now include the entries. No working papers have been provided for this step, so you may e your solution or prepare it electronically. If you prepare your Helpful Hints Remember to list your accounts in financial statement order, just as you did for your unadjusted trial balance. Check Figure: Debits and credits must each equal $20,743 STEP 7: Use the accounts and balances on the adjusted trial balance to prepare financial statemen ts. Refer to Exhibit 3.14 in your textbook for an illustration of how the numbers usted trial balance flow to the financial statements. No working papers have been provided for this step, so prepare your solution electronically, be sure to bring a hardcopy to class. you may either handwrite your solution or prepare it electronically. If you The income statement is always prepared first because we need the output of the income statement (net income) to prepare the second financial statement, the statement of owner's equity. The statement of owner's equity must be prepared second because we need the output of the statement of owner's equity (the ending capital account balance) to prepare the third financial statement, the balance sheet. The fact that all three financial statements tie together in this way is referred to as articulation. Helpful Hints Recall that the accounts on the adjusted trial balance are listed in financial statement order (assets, liabilities, owner's equity, revenues, and expenses), so the accounts you need for each statement are effectively grouped together. Each account is reported on only ONE financial statement. Specifically note the difference between the format of a trial balance and a balance sheet. Many beginning accounting students fre these two due to the naming similarity, but they are two very distinct documents quently confuse Check Figures: Net income $1,024 Total Assets $18,354