1. Using the trial balance worksheet prepare the unadjusted trial balance and include columns for the adjusting entries and adjusted trial balance.
2. Use the information provided to prepare adjusting journal entries in the Adjusting entries worksheet and then post these to the trial balance worksheet.
   1. Column totals should be calculated using SUM formula
   2. Calculate adjusted balances using IF formulas. Net income should equal $24,698.

The business began operations April 1, 2022, and has a December 31 year end.