the accountant for the firm owned by kathryn price prepares financial statements at 4374832

The accountant for the firm owned by Kathryn Price prepares financial statements at the end of each month. INSTRUCTIONS Use the figures in the T accounts for Problem 3.4B to prepare a trial balance, an income statement, a statement of owner’s equity, and a balance sheet. (The first line of the statement headings should read “Kathryn Price, Counselor and Attorney at Law.”) Assume that the transactions took place during the month ended April 30, 2013. Determine the account balances before you start work on the financial statements. Analyze: What net change in owner’s equity occurred during the month of April? View Solution:
The accountant for the firm owned by Kathryn Price prepares

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