Refer to Exercise 2-23A. 1. After recording the transactions in Exercise 2-23A, and assuming they all occurred
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1. After recording the transactions in Exercise 2-23A, and assuming they all occurred in the month of May 2012, prepare the trial balance of Lynn Dover, Attorney, at May 31, 2012. Use the T-accounts that have been prepared for the business.
2. How well did the business perform during its first month? Compute net income (or net loss) for the month.
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Related Book For
Financial accounting
ISBN: 978-0132751124
9th edition
Authors: Walter T. Harrison Jr., Charles T. Horngren, C. William Thom
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