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Prepare financial statements including a classified balance sheet in report form, and prepare closing entries....

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Accounting

Prepare financial statements including a classified balance sheet in report form, and prepare closing entries.

The adjusted trial balance of Erickson Real Estate Appraisal on June 30, 2018, follows:

image

Requirements 1. Prepare the company's income statement for the year ended June 30,2018. 2. Prepare the company's statement of retained earnings for the year ended June 30,2018 3. Prepare the company's classified balance sheet in report form at June 30, 2018. 4. Journalize the closing entries

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