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AP 2–3

17 August, 2015 - 12:16

The following trial balance was prepared for Overeen Consulting Corporation at March 31, 2015, its first month of operation.

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Required:

  1. Prepare a trial balance showing the balances in the correct column. List the accounts in numerical order. Total the columns and ensure total debits equal total credits. Assume all accounts have normal balances.
  2. Prepare an income statement and statement of changes in equity for the month ended March 31, 2015.
  3. Prepare a balance sheet at March 31, 2015.