A partially completed work sheet is shown below.The unadjusted trial balance columns are complete.Complete the adjustments,adjusted trial balance,income statement,and balance sheet and statement of owner's equity columns. 
Definitions:
Average Collection Period
The average number of days it takes for a company to collect payment from its credit sales.
Common Stock
A type of corporate equity ownership, representing a portion of the stake in a company.
Market Price
The current price at which an asset or service can be bought or sold in a particular market.
Accounts Receivable Turnover
A financial ratio indicating how many times a company's receivables are turned into cash within a specific period.
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