Sep 25, 2017 term paper 2

THE FOLLOWING ACCOUNT BALANCES ARE TAKEN FROM THE RECORDS OF FOX CREEK SERVICE LIMITED AT OCTOBER…

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The following account balances are taken from the records of Fox Creek Service Limited at October 31, 2015 after its first year of operation:

Required:

1. Prepare a trial balance at October 31, 2015. General ledger account numbers are not necessary.

2. Prepare an income statement and statement of changes in equity for the year ended October 31, 2015.

3 Prepare a balance sheet at October 31, 2015.


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