From the ledger accounts prepared for P15-13, prepare a trial balance. Extend the trial balance to an
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From the ledger accounts prepared for P15-13, 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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Trial Balance Debit Credit 12 Investments 20 Accounts receivable 16 Cash Fuel and parts inventory12 ...View the full answer
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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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