Comedy Productions prepared the following adjusted trial balance at December 31, 2015. Instructions 1. Prepare an income

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Comedy Productions prepared the following adjusted trial balance at December 31, 2015.
Comedy Productions prepared the following adjusted trial balance at December

Instructions
1. Prepare an income statement for the year ended December 31.
2. Prepare a statement of owner€™s equity for the year ended December 31. No additional investments were made during the year.
3. Prepare a balance sheet as at December 31.
4. Journalize the closing entries.
5. Prepare a post-closing trial balance.

Balance Sheet
Balance sheet is a statement of the financial position of a business that list all the assets, liabilities, and owner’s equity and shareholder’s equity at a particular point of time. A balance sheet is also called as a “statement of financial...
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Accounting

ISBN: 978-0176509743

Volume 1, 2nd canadian Edition

Authors: Carl warren, James Reeve, Jonathen Duchac, Sheila Elworthy,

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