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  3. prepare a multi step income statement, a statement

prepare a multi step income statement, a statement of owners equity (no contributions) and a...

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Accounting

imageprepare a multi step income statement, a statement of owners equity (no contributions) and a classsified balance statement. prepare closing enries and the post-closing trial balance.

2. (15 points) Year-end adjusted trial balance of ABC Ss upply for the current year, is shown below: Nina Incorporated Adjusted Trial Balance December 31, 2017 Cash Accounts receivable Office supplies Store equipment Accumulated depreciation-store equipment Office equipment Accumulated depreciation--office equipment Accounts payable Unearned revenue Long term notes payable Nina, Capital 1/1/2017 Nina Withdrawals Sales Sales returns and allowances Cost of Goods Sold Advertising Sales salaries Rent - selling space Office salaries Office rent $10,000 25,000 2,500 78,000 37,000 32,250 10,000 18,750 18,250 32,000 11,500 24,000 250,250 500 155,000 2,500 24.000 6,000 16,000 2,000 S377750 $377,750 Prepare a multi-step income statement, a Statement of Owner's Equity (no contributions), and a Classified Balance Sheet. Prepare closing entries and the post-closing trial balance

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