The tabular analysis of transactions for Nigel Company is presented in E3-4. Instructions Prepare an income statement

Question:

The tabular analysis of transactions for Nigel Company is presented in E3-4.
Instructions
Prepare an income statement and a retained earnings statement for August and a classified at August 31, 2012.

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...