Based on the answers you obtained in P15-9, prepare the closing entry. IN P15-9 From the ledger
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Based on the answers you obtained in P15-9, prepare the closing entry.
IN P15-9
From the ledger accounts prepared for P15-8, prepare a trial balance. Extend the trial balance to an eight-column work sheet like that shown in Table 15-16 , and use the work sheet to prepare the following financial statements:
(a) Income statement,
(b) Statement of changes in owner’s equity, and
(c) Balance sheet.
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Related Book For
Introduction to Governmental and Not for Profit Accounting
ISBN: 978-0132776011
7th edition
Authors: Martin Ives, Terry K. Patton, Suesan R. Patton
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