This problem should be used only in conjunction with Problem 4-3A. It completes the accounting cycle by

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This problem should be used only in conjunction with Problem 4-3A. It completes the accounting cycle by posting to T-accounts and preparing the post-closing trial balance.
Required
1. Using the data in Problem 4-3A, post the adjusting and closing entries to the T-accounts, identifying adjusting amounts as Adj., closing amounts as Clo., and account balances as Bal., as shown in Exhibit 4-10 (page 187 ). Double underline all accounts with a zero ending balance.
2. Prepare the post-closing trial balance.
3. Prepare a classified balance sheet at December 31, 2017.
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 Accounting

ISBN: 978-0133855371

10th Canadian edition Volume 1

Authors: Tracie L. Miller Nobles, Brenda L. Mattison, Ella Mae Matsumura, Carol A. Meissner, Jo Ann L. Johnston, Peter R. Norwood

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