Available under Creative Commons-NonCommercial-ShareAlike 4.0 International License.
You are given the following data for the proprietorship of R. Black.
Black contributed $5,000 capital during the year.
|
Required: |
|
|
1. |
Prepare an income statement for the year. |
|
2. |
Prepare a statement of proprietor’s capital for the year in the following format: |
|
3. |
Prepare a balance sheet at December 31, 2016. |
|
4. |
Prepare closing entries at year-end. |
- 1999 reads
