Question: E4-19 Preparing a worksheet Learning Objective 2 The unadjusted trial balance of Data Solution at November 30, 2018, follows: Additional information at November 30, 2018:
E4-19 Preparing a worksheet
Learning Objective 2
The unadjusted trial balance of Data Solution at November 30, 2018, follows:
Additional information at November 30, 2018:
Accrued Service Revenue, $800.
Depreciation, $350.
Accrued Salaries Expense, $650.
Prepaid Rent expired, $700.
Office Supplies used, $550.
Requirements
Complete Data Solutions worksheet for the month ended November 30, 2018.
How much was net income for November?
E4-21 Preparing closing entries from an adjusted trial balance
Learning Objective 3
The adjusted trial balance of Stone Sign Company follows:
Requirements
Assume Stone Sign Company has a January 31 year-end. Journalize Stones closing entries at January 31.
How much net income or net loss did Stone Sign Company earn for the year ended January 31? How can you tell?
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