Adjusted Trial Blance
July 31, 2020
Instructions
- Prepare an income statement and an owner's equity statement for the year. Okabe did not make any new investments during the year.
- Prepare a classified balance sheet at July 31, 2019.
Solution
Income Statement
For the Year Ended July 31, 2019
Owner's Equity Statement
For the Year Ended July 31, 2019
Classified balance sheet
July 31, 2019