Step 6: Preparing Financial Statements
{"Image DocumentName": "Step 6: Preparing Financial Statements", "Image ImageDescription": "After all of the balances in the general ledger accounts have been properly adjusted, the financial statements can be prepared. The income statement is prepared first, then the statement of retained earnings (or owners\u2019 equity), then the balance sheet. \u00a9 2007 Pearson Custom Publishing.", "Image XResolution": "37", "Image YResolution": "37", "Image ResolutionUnit": "Pixels/Centimeter", "Image Software": "SlidePlayer", "Image YCbCrPositioning": "Centered"}