Question

Watchdog Company maintains and repairs warning lights, such as those found on radio towers and lighthouses. Watchdog Company prepared the end-of-period spreadsheet shown below at July 31, 2014, the end of the current fiscal year:


1. Prepare an income statement for the year ended July 31.
2. Prepare a retained earnings statement for the year ended July 31.
3. Prepare a balance sheet as of July 31.
4. Based upon the end-of-period spreadsheet, journalize the closing entries.
5. Prepare a post-closing trialbalance.


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  • CreatedFebruary 28, 2014
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