Trudel Department Store uses a periodic inventory system. The adjusted trial balance of Trudel Department Store at

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Trudel Department Store uses a periodic inventory system. The adjusted trial balance of Trudel Department Store at December 31, 2024, follows:


Requirements
1. Prepare Trudel Department Store’s multi-step income statement for the year ended December 31, 2024. Assume ending Merchandise Inventory is $36,200.
2. Journalize Trudel Department Store’s closing entries.
3. Prepare a post-closing trial balance as of December 31, 2024.

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Horngrens Accounting The Financial Chapters

ISBN: 9780136162186

13th Edition

Authors: Tracie Miller Nobles, Brenda Mattison

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