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Your function as accounting manager is to prepare the financial statements for the first operating period of December 2016 The December 31, 2016 adjusted trial
Your function as accounting manager is to prepare the financial statements for the first operating period of December 2016 The December 31, 2016 adjusted trial balance for GolfPro Center is presented belowUsing the Trial Balance, complete the following 1. Prepare an income statement for the year ended December 31, 2016 Prepare a statement of stockholder's equity for the year ended December 31, 2016 assuming no common stock was issued during 2016 Prepare a classified balance sheet as of December 31, 2016 Keep in mindthe beginning balances are zero only because this is the first month of operations for Center Center Trial Balance December 31, 2016 For the period ending December 31, 2016 CreditDebit 6,900 2,700 1,300 5,500 24,000 400 Accounts Cash Accounts Receivable Supplies Prepaid Rent Equipment Accumulated Depreciation Accounts Payable Salaries Payable Utilities Payable Deferred Revenue Interest Payable Notes Payable Common Stock Retained Eamings Dividends Service Revenue 2,300 300 900 400 100 10,000 25,000 200 7.200
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