Reference no: EM13847970

Critical Thinking: Prepared Financial Statements from Adjusted Balance Worksheets For this assignment you will prepare Financial Statements from Adjusted Trial Balance Worksheet. The 2012 year-end adjusted balances taken from the general ledger of Cooperstown Services, Inc. are listed on the Assignments page in general ledger order. Transfer these accounts and balances to a spreadsheet worksheet and prepare an Income statement, a Classified Balance Sheet, and a Statement of Retained Earnings all in good form using proper headings for each statement. Note that Cooperstown is a service company so there is no cost of goods sold in its chart of accounts. Also, assume that all the liabilities are current liabilities. Keep in mind that you should not report any accounts without balances in your statements. Please submit your spreadsheet to the Assignments page. Ensure your work is accurate and reflects CSU-Global writing expectations.