Question: ist the following steps in preparing a work sheet in their proper order by selecting numbers 1-5 from the drop down provided a Total the
ist the following steps in preparing a work sheet in their proper order by selecting numbers 1-5 from the drop down provided a Total the b. Extend adjusted balances to appropriate financial statement columns c. Prepare an unadjusted trial balance on the work sheet d. Prepare an adjusted trial balance on the work sheet eEnter adjustments data on the work sheet statement columns, compute net income (loss), and complete the work sheet. The following selected information is taken from the work sheet for Warton Company at its December 31 year-end Income Statement Balance Sheet an Statement of Owner's Equity Dr. Cr 72,800 Dr Cr. B. Warton, Capital B. Warton, Withdrawal:s Totals 122,000 181,000 Using this information, determine the amount for B. Warton, Capital, that should be reported on its December 31 year end balan sheet B Warton, Capital, (beginning) B. Warton, Capital. (ending) Choose from the following list of terms/phrases to best complete the statements below accounts generally consist of all balance sheet accounts, and these accounts are not closed 2 Permanent accounts report on activities related to future accounting periods, and they carry their ending balances into the next period 3. Temporary accounts accumulate data related toaccounting period es accounts include all income statement accounts, the withdrawals account, and the Income Summary account Next
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