Question: The adjusted trial balance for Okabe Company is presented in

The adjusted trial balance for Okabe Company is presented in exercise.
In Exercise, Okabe Company ended its fiscal year on July 31, 2017. The company’s adjusted trial balance as of the end of its fiscal year is shown below.


Instructions
(a) Prepare an income statement and an owner’s equity statement for the year. Okabe did not make any capital investments during the year.
(b) Prepare a classified balance sheet at July31.


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  • CreatedMarch 02, 2015
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