ACCT 1110 ~ Name _________________________________
Preparing Financial Statements for a Merchandising Company From the adjusted trial balance provided, properly prepare the following annual statements: 1) Multiple-step Income Statement, 2) Statement of Equity, and 3) Classified Balance Sheet. Upload your completed assignment (as one file for me to print) back into Document Sharing in MyAccountingLab!
Owner’s capital at the beginning of the year was $20,000!