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Prepare a post-closing trial balance

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Beacons Company maintains and repairs warning lights, such as those found on radio towers and lighthouses. Beacons Company prepared the following end-of-period spreadsheet at December 31, 20Y5, the end of the fiscal year:

Question 1: Prepare an income statement for the year ended December 31, 20Y5.

Question 2: Prepare a statement of stockholders' equity for the year ended December 31, 20Y5. During the year, common stock of $25,000 was issued.

Question 3: Prepare a balance sheet as of December 31, 20Y5.

Question 4: Based upon the end-of-period spreadsheet, journalize the closing entries.

Question 4: Prepare a post-closing trial balance.

Reference no: EM132463289

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