The account balances (after adjustments) from the general ledger of Winterholt Company at September 30, 2024, follow

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The account balances (after adjustments) from the general ledger of Winterholt Company at September 30, 2024, follow in alphabetical order. All accounts have normal balances.

a. Prepare an adjusted trial balance.

b. Beside each account, identify whether it is an asset (A), liability (L), capital (C), drawings (D), revenue (R), or expense (E).

c. Beside each account, identify whether it should be included on the income statement (IS), statement of owner’s equity (OE), or balance sheet (BS).

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Related Book For  answer-question

Accounting Principles Volume 1

ISBN: 9781119786818

9th Canadian Edition

Authors: Jerry J. Weygandt, Donald E. Kieso, Paul D. Kimmel, Barbara Trenholm, Valerie Warren, Lori Novak

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