Blink-On Company maintains and repairs warning lights, such as those found on radio towers and lighthouses. Blink-On
Question:
Blink-On Company maintains and repairs warning lights, such as those found on radio towers and lighthouses. Blink-On Company prepared the end-of-period spreadsheet (work sheet) at the top of the following page at March 31, 2008, the end of the current fiscal year:
Instructions
1. Prepare an income statement for the year ended March 31.
2. Prepare a statement of owner's equity for the year ended March 31. No additional investments were made during the year.
3. Prepare a balance sheet as of March 31.
4. Based upon the end-of-period spreadsheet (work sheet), journalize the closing entries.
5. Prepare a post-closing trialbalance.
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Related Book For
Accounting
ISBN: 978-0324401844
22nd Edition
Authors: Carl S. Warren, James M. Reeve, Jonathan E. Duchac
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