Specifically, you must address the following rubric criteria:
Income Statement: Prepare the income statement using the adjusted trial balance
Statement of Owner’s Equity: Prepare the statement of owner’s equity using the adjusted trial balance.
Balance Sheet Assets: Prepare the balance sheet asset entries using the adjusted trial balance.
Balance Sheet Liabilities: Prepare the balance sheet liabilities entries using the adjusted trial balance.
Closing Entries: Complete the “Closing Entries” tab of the company accounting workbook by closing all temporary income statement amounts to create closing entries.
What to Submit
Build on your work from Milestone One to complete the “Income Statement,” “Statement of Owner’s Equity,” “Balance Sheet,” and “Closing Entries” tabs in your company accounting workbook.
This should be completed and submitted using Microsoft Excel. Please refer to the video walkthrough linked below if you need more assistance with your submission.
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