Question: Watchdog Company maintains and repairs warning lights such as those

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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