Financial accounting 16th Edition by Jan Williams,Susan Haka,Mark Bettner ,Joseph Carcello

تمرين 61

Wilderness Guide Services, Inc., performs adjusting entries every month, but closes its accounts only at year-end.he company's year-end adjusted trial balance dated December 31, 2015, follows:

a.repare an income statement and statement of retained earnings for the year ended December 31, 2015.lso prepare the company's balance sheet dated December 31, 2015.Hint: Unprofitable companies have no income taxes expense.)
b.oes the company appear to be liquid Defend your answer.
c.as the company been profitable in the past Explain.