Task $2$:Bold text End

Open a ledger using the accounts and balances on the trial balance, as well as Supplies Expense, Depreciation $$ Expense, and $302$ Income Summary accounts.

Use the blank Bold text startGeneral JournalBold text End and Bold text startLedgerBold text End spreadsheet tabs to complete this task using the Journal in Tab $2$ and the Ledger in Tab $3.($Opens in new window$)$

Bold text startTask $3$:Bold text End

Prepare a Post$-$Closing Trial Balance, using the $$Post$-$Closing Trial Balance$$ spreadsheet tab.$($Opens in new window$)$

Bold text startTask $4$:Bold text End

Prepare a Statement of Owner$$s Equity using the $$Statement of OE$$ spreadsheet tab.$($Opens in new window$)$

Bold text startTask $5$:Bold text End

Write up a summary of L$.$ Patel$$s year end finances. Is he in good financial position? Why do you say so$?$