Question

The accountant for Metal Main, Inc. posted adjusting entries (a) through (e) to the accounts at August 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 Metal Main, Inc. for the year ended August 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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