Question: Assume that Old Navy, reported the following summarized data at December 31, 20X8. Accounts appear in no particular order; dollar amounts are in millions. Prepare

Assume that Old Navy, reported the following summarized data at December 31, 20X8. Accounts appear in no particular order; dollar amounts are in millions.

Prepare the trial balance of Old Navy at December 31, 20X8. List the accounts in their proper order, as on page 71. How much was Old Navy's net income or net loss?

Other liabilities $2 $36 Revenues.. 8 Other assets 24 Accounts payable Stockholders' equity..

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