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Using the information from the adjusted trial balance, complete the tasks below. Prepare an income statement and an owners equity statement for the 2 months
Using the information from the adjusted trial balance, complete the tasks below.
- Prepare an income statement and an owners equity statement for the 2 months ended December 31, 2019, and a classified balance sheet as of December 31, 2019. The note payable has a stated interest rate of 6%, and the principal and interest are due on November 16, 2021.
- Natalie has decided that her year-end will be December 31, 2019. Prepare and post-closing entries as of December 31, 2019.
- Prepare a post-closing trial balance.
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