The adjusted trial balance for Burlington Advertising Services is presented below: Requirements 1. Prepare the income statement

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The adjusted trial balance for Burlington Advertising Services is presented below:
The adjusted trial balance for Burlington Advertising Services is presented

Requirements
1. Prepare the income statement for the year ending December 31, 2016.
2. Prepare the statement of retained earnings for the year ending December 31, 2016.
3. Prepare the classified balance sheet as of December 31, 2016. Use the report form.

Balance Sheet
Balance sheet is a statement of the financial position of a business that list all the assets, liabilities, and owner’s equity and shareholder’s equity at a particular point of time. A balance sheet is also called as a “statement of financial...
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Horngrens Financial and Managerial Accounting

ISBN: 978-0133866292

5th edition

Authors: Tracie L. Nobles, Brenda L. Mattison, Ella Mae Matsumura

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