Prepare worksheet, financial statements, and adjusting and closing entries prepare an income statement and owner's equity statement
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1) A physical count reveals only 480 of roofing supplies on hand
2) Depreciation for March is 250
3) Unearned revenue announced to 260 at March 31
4) Accrued salaries are 700
5) Adjusted trial balance 24450, net income 2420, total assets 17680
Balance sheet is a statement of the financial position of a business that list all the assets, liabilities, and owner’s equity and shareholder’s equity at a particular point of time. A balance sheet is also called as a “statement of financial...
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Accounting Principles
ISBN: 978-1119411482
13th edition
Authors: Jerry J. Weygandt, Paul D. Kimmel, Donald E. Kieso
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