Refer to the Practice Set data provided in Chapters 1, 2, and 3. Requirements 1. Prepare an

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Refer to the Practice Set data provided in Chapters 1, 2, and 3.
Requirements
1. Prepare an accounting worksheet.
2. Prepare an income statement, statement of retained earnings, and balance sheet using the report format.
3. Prepare closing entries for the month.
4. Prepare a post-closing trial balance.

Balance Sheet
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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Financial and Managerial Accounting

ISBN: 978-0132497978

3rd Edition

Authors: Horngren, Harrison, Oliver

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