Trial balance preparation. Brighton, a sole proprietorship began operation on March 1 of the current year. The following account balances were extracted from the general ledger on March31; all accounts have normal balances.
Bob Brighton, Owners Equity
a. Determine the cost of the companys land by preparing a trial balance. (Remember, the trial balance debits must equal the credits, see Exhibit 2.9)
b. Determine the firms net income for the period ending March 31.
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