A140/ACG1022 Section 14 Financial Accounting I - Winter 2013 Module 3

Review the accounts and their balances for Smith Construction as of May 31 in the Excel Template.

Requirements:

1. Prepare the trial balance as of May 31 listing the accounts in the proper order.
2. Prepare the Income Statement for the period ending May.
3. Prepare the Statement of Retained Earnings for the Month of May.
4. Prepare the Balance Sheet as of May 31.