The adjusted trial balance for Matthews Company is given in E3-13. Instructions Prepare the income and owners

Question:

The adjusted trial balance for Matthews Company is given in E3-13.
Instructions
Prepare the income and owner’s equity statements for the year and the at August 31.

Balance Sheet
Balance sheet is a statement of the financial position of a business that list all the assets, liabilities, and owner’s equity and shareholder’s equity at a particular point of time. A balance sheet is also called as a “statement of financial...