Prepare a trend analysis of the following data using 2011 as the base year.Place your answers in the chart provided.Comment on the trend.
Definitions:
Adjusting Journal Entry
An accounting record made to amend the preliminary financial statements towards the accrual basis of accounting, ensuring all revenues and expenses are recorded in the correct period.
Depreciation
An accounting method of allocating the cost of a tangible asset over its useful life.
Assets
Economic resources controlled or owned by a business, which are expected to produce benefits or value in the future.
Owner's Equity
The residual interest in the assets of a company after deducting liabilities, representing what the owners truly own.
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