Perform end-of-period activities for a partnership.

Performance should include preparation of

  • a worksheet
  • a trial balance
  • adjusting entries
  • closing entries
  • a post-closing trial balance
  • a Statement of Partners’ Equity for inclusion on the balance sheet
  • a Statement of Corporate Owner’s Equity, if appropriate
  • other financial statements (e.g., retained earnings, cash flow, balance sheet, income statement).