(Answered) Instructions1 prepare an income statement for the year

Accounting

Instructions

1. Prepare an income statement for the year ended March 31.

2. Prepare a statement of owner's equity for the year ended March 31. No additional investments were made during the year.

3. Prepare a balance sheet as of March 31.

4. Based upon the end-of-period spreadsheet (work sheet), journalize the closing entries.

5. Prepare a post-closing trialbalance.

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