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

Exercise 30

Green Lawns, 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, was:

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.
b.oes the company appear to be liquid Defend your answer.
c.as the company been profitable in the past Explain.