Financial Accounting: Trial Balance and Net Income Analysis

Transaction Analysis Construct a trial balance Other liabilities$2 million Other assets$20 million Expenses $26 million Stockholders' equity$5 million Revenues$37 million Cash$4 million Accounts payable$6 million Use the blue shaded areas on the ENTERANSWERS tab for inputs. Requirements 1Prepare the trial balance of Harbor Marine Company at December 31, 2021. List the accou a.Check your spelling carefully and do not abbreviate. b.Enter amounts in millions, as provided to you in the data. c. 2How much was the company's net income or net loss? a.Enter the answer as a positive value. b.Enter amounts in millions, as provided to you in the data. Saving & Submitting Solution 1 Save file to desktop. a.Create folder on desktop, and label COMPLETED EXCEL PROJECTS 2 Upload and submit your file to be graded. a.Navigate back to the activity window - screen where you downloaded the initial spre b.Click Choose button under step 3; locate the file you just saved and click Open c.Click Upload button under step 3 d.Click Submit button under step 4 Viewing Results 1 Click on Results tab in MyAccountingLab 2 Click on the Assignment you were working on 3 Click on Project link; this will bring up your Score Summary 4 Within Score Summary window, click on Download (upper right) to download the spreads