Use your answer from Exercise E4-18 to prepare Voice Links financial statements. Requirements 1. Complete the income

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Use your answer from Exercise E4-18 to prepare Voice Link’s financial statements.
Requirements
1. Complete the income statement for the month ended November 30, 2016.
2. Complete the statement of retained earnings for the month ended November 30, 2016. Assume beginning Retained Earnings was $0.
3. Complete the classified balance sheet as of November 30, 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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