Big Box Store is located in midtown Madison. During the past several years, net income has been

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Big Box Store is located in midtown Madison. During the past several years, net income has been declining because of suburban shopping centers. At the end of the company€™s fiscal year on November 30, 2017, the following accounts appeared in two of its trial balances.

Big Box Store is located in midtown Madison. During the

Instructions
(a) Prepare a multiple-step income statement, an owner€™s equity statement, and a classified balance sheet. Notes payable are due in 2020.
(b) Journalize the adjusting entries that were made.
(c) Journalize the closing entries that arenecessary.

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Accounting Principles

ISBN: 978-1118875056

12th edition

Authors: Jerry Weygandt, Paul Kimmel, Donald Kieso

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