Apachi Company ended its fiscal year on July 31, 2008. The companys adjusted trial balance as of
Question:
Apachi Company ended its fiscal year on July 31, 2008. The company’s adjusted trial balance as of the end of its fiscal year is as shown.
Instructions
(a) Prepare the closing entries using page J15.
(b) Post to B. J. Apachi, Capital and No. 350 Income Summary accounts. (Use the three-column form.)
(c) Prepare a post-closing trial balance at July 31.
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Related Book For
Accounting Principles
ISBN: 9780471980193
8th Edition
Authors: Jerry J Weygandt, Donald E Kieso, Paul D Kimmel
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