The completed financial statement columns of the worksheet for Hubbs Company are shown below. Instructions (a) Prepare

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The completed financial statement columns of the worksheet for Hubbs Company are shown below.

The completed financial statement columns of the worksheet for H

Instructions
(a) Prepare an income statement, a retained earnings statement, and a classified balance sheet.
(b) Prepare the closing entries.
(c) Post the closing entries, and underline and balance the accounts. (Use T-accounts.) Income Summary is account No. 350.
(d) Prepare a post-closing trialbalance.

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Financial and managerial accounting

ISBN: 978-1118016114

1st edition

Authors: Jerry J. Weygandt, Paul D. Kimmel, Donald E. Kieso

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