1) is a Trial Balance that gives you the balances to use to prepare the financial statements;
2) is a Template that you can use, note there are drop down choices - but, you can definitely use your own on Excel or similar;
Here are the instructions:
Instructions
1. Prepare an income statement for the year ended December 31.
2. Prepare a statement of owner's equity for the year ended December 31. No additional investments were made during the year.
3. Prepare a balance sheet as of December 31.
Total assets: $354,500 - if you got this number, then you did the assignment correctly.
4. Based upon the end-of-period spreadsheet, journalize the closing entries.
5. Prepare a post-closing trial balance.
Attachment:- Assignment.rar