The adjusted trial balance for Unser Company, owned by J. Unser, is available. Instructions a. Prepare closing

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The adjusted trial balance for Unser Company, owned by J. Unser, is available.

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Instructions

a. Prepare closing entries.

b. Use T accounts to post the closing entries and calculate the balance in each account. (Ignore the accounts not affected by the closing entries.)

c. Prepare a post-closing trial balance.

Explain the standard classifications used in preparing a classified balance sheet.

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Accounting Principles Volume 1

ISBN: 978-1119502425

8th Canadian Edition

Authors: Jerry J. Weygandt, Donald E. Kieso, Paul D. Kimmel, Barbara Trenholm, Valerie Warren, Lori Novak

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