Question

The accountant for Henderson Roofing, Inc. posted adjusting entries (a) through (e) to the accounts at December 31, 2013. Selected balance sheet accounts and all the revenues and expenses of the entity follow in T-account form.
Requirements
1. Calculate balances in the accounts and use the appropriate accounts to pre-pare the income statement of Henderson Roofing, Inc. for the year ended December 31, 2013. List expenses in order from largest to smallest.
2. Were the 2013 operations successful? Give the reason for your answer.


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  • CreatedJuly 08, 2015
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