Answer the following questions. Submit this portion as a Word document or Excel spreadsheet.
The following is the trial balance for Eazy Services, Inc.:
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Eazy Services, Inc.
Trial Balance
For the Year Ended December 31, 201X
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DR
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CR
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Cash
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$50,250
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Accounts Receivable
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27,900
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Office Equipment
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45,000
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Accounts Payable
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42,250
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Common Stock
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60,300
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Dividends
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2,500
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Retained Earnings
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00
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Sales Revenue
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65,000
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Salary Expense
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33,650
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Operating Expense
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8,250
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167,550
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167,550
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1. Prepare an Income Statement, Statement of Changes in Stockholders' Equity and a Balance Sheet. (Assume that the company issued $60,300 of common stock on January 2, 201X. The business started on January 2, 201X)
2. Explain the purpose of a post-closing trial balance.