Property, plant and Equipment           I submitted a screen shot of the problem, I cannot get the income statement to balance for the below problem. I have attached my work below the  screen shot of the problem. Prepare an income statement for the year ended December 31. Prepare a statement of owner’s equity for the year ended December 31. No additional investments were made during the year. Prepare a balance sheet as of December 31. Based upon the end-of-period spreadsheet, journalize the closing entries. Prepare a post-closing trial balance.

Question
Property, plant and Equipment          

I submitted a screen shot of the problem, I cannot get the income statement to balance for the below problem. I have attached my work below the  screen shot of the problem.

  1. Prepare an income statement for the year ended December 31.
  2. Prepare a statement of owner’s equity for the year ended December 31. No additional investments were made during the year.
  3. Prepare a balance sheet as of December 31.
  4. Based upon the end-of-period spreadsheet, journalize the closing entries.
  5. Prepare a post-closing trial balance.
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Final Accounts for Sole Proprietors

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