Prepare a statement of owner equity


From Fundamental accounting principles, 20th edition Accounting chapter 5, serial number #5 page 220

1. Prepare journal entries to record each of the January through March transactions

2. Post the journal entries in part 1 to the acoounts in the company's general ledger.

3. prepare a partial work sheet consisting of he first six columns that includes the unadjusted trial balance, the march 31 adjustments a through g, and the adjusted trial balance. do not prepare closing entries and do not journalize the adjustments or post them to the ledger.

4. prepare a income statement from the adjusted trial balance in part 3. for the three months ended on march 31, 2012. use a single step format. list all expenses without differentiating between selling expenses and general administrative expenses.

5. prepare a statement of owner's equity for the three months ended march 31, 2012 6. prepare a classified balance sheet as of march 31, 2012. Need help with this serial problem completed step by step.

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Accounting Basics: Prepare a statement of owner equity
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