Question: Please help me answer this long chapter 4 question. Ch. 4 - The Accounting Cycle For the year ended December 31, 2020, prepare the Financial
Please help me answer this long chapter 4 question.








Ch. 4 - The Accounting Cycle For the year ended December 31, 2020, prepare the Financial Statements, Closing Journal Entries, update the T-Accounts, and prepare the Post-Closing Trial Balance. Use the Excel Spreadsheet attached to enter your answers or write on paper and submit the assignment by using the blue Submit Assignment button in the upper right hand corner. If you have any difficulty using the Excel template or uploading your work, feel free to type in the text box instead of attaching the file. [ Refer to Viewing Instructor Comments in Canvas L . Ch. 4 Classwork - Financial Statements and Closing Entries For the year ended December 31, 2020, prepare the Financial Statements, Closing Journal Entries, update the T-Accounts, and prepare the Post-Closing Trial Balance. Journalize the Closing entries. Proper journal formatting is required: List all Debits of each transaction first with the Account Name left-aligned. List Credits of each transaction next with the Account Name indented. Skip lines between transactions. Don't include descriptions. Don't use \$. \begin{aligned} ASSETS \( \quad 110,300 &=110,300 \\ \)\hline \( & \) LABILTIES \end{aligned}+
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