Question: Please help me with right. ANSWER Prepare an income statement. (Enter negative amounts using either a negative sign preceding the number e.g. -45 or parentheses
Please help me with right. ANSWER







Prepare an income statement. (Enter negative amounts using either a negative sign preceding the number e.g. -45 or parentheses eg. (45). Prepare a classified balance sheet. (List Current Assets in order of liquidity.) WILDHORSE COMPANY Balance Sheet Assets $ $ Liabilities and Owner's Equity $ $ eTextbook and Media List of Accounts eTextbook and Medla Llst of Accounts Prenare a post-closina trial balance. Prepare an owner's equity statement. (List items that increase owner's equity first.) Current Attempt in Progress follows: Prepare the closing entries. L. Wildhorse did not make any additional investments during the year. (Credit account titles are automatically indented when amount is entered. Do Date Account Titles and Explanation Dec. 31 (To close revenue account) Dec. 31 (To close expense accounts) Dec. 31 (To close net income / (loss)) Dec. 31 Debit Credit Credit (To close drawings) eTextbook and Media List of Accounts
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