Question: My answer appears correct so far, but is nit complete. Please help me identify what needs to be included! Instructions: 1a. Prepare the income statement
My answer appears correct so far, but is nit complete. Please help me identify what needs to be included!
Instructions:
1a. Prepare the income statement for the current year ended December 31.
1b. Prepare the statement of owner's equity for the current year ended December 31.
1c. Prepare the classified balance sheet at December 31 of the current year.
2. Prepare the necessary closing entries at December 31 of the current year.




The adjusted trial balance for Tybalt Construction on December 31 of the current year follows. Oro Tybalt invested $5,500 cash in the business during the year. The O. Tybalt, Capital account balance was $126,800 on December rrepare tne income statement ror tne current year enaea vecember s1. Prepare the statement of owner's equity foif the current year ended December Prepare the classified balance sheet at December 31 of the current year. Prepare the necessary closing entries at December 31 of the current year
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