Problem 3-758 (Algorithmic) Preparation of Closing Entries and a Statement of Earnings Clayoquot Boat Repair Ltd....
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Problem 3-758 (Algorithmic) Preparation of Closing Entries and a Statement of Earnings Clayoquot Boat Repair Ltd. has entered and posted its adjusting entries for 2022. The following are selected account balances after adjustment: Sales Revenue $ 693,300 7,900 8,330 405,200 65,000 68,350 179,000 7,200 20,500 Interest Revenue Accounts Payable Wages Expense Accounts Receivable, 12/31/2022 Supplies Expense Supplies, 12/31/2022 Prepaid Rent Bent Expense Unearned Sales Revenue Insurance Expense Wages Payable Utilities Expense Interest Expense Depreciation Expense, Equipment Accumulated Deprecation, Equipment Income Tax Expense Income Tax Payable Dividends Declared 12,200 93,600 11,700 12.300 9,500 20,000 75.000 12.300 8,300 7,800 2. Prepare a statement of earnings for Port Austin Boat Repair. Clayoquot Boat Repair Inc. Statement of Earnings For the Year Ended December 31, 2022 Revenues: Sales revenue Expenses: 10 All work s Problem 3-758 (Algorithmic) Preparation of Closing Entries and a Statement of Earnings Clayoquot Boat Repair Ltd. has entered and posted its adjusting entries for 2022. The following are selected account balances after adjustment: Sales Revenue $ 693,300 7,900 8,330 405,200 65,000 68,350 179,000 7,200 20,500 Interest Revenue Accounts Payable Wages Expense Accounts Receivable, 12/31/2022 Supplies Expense Supplies, 12/31/2022 Prepaid Rent Bent Expense Unearned Sales Revenue Insurance Expense Wages Payable Utilities Expense Interest Expense Depreciation Expense, Equipment Accumulated Deprecation, Equipment Income Tax Expense Income Tax Payable Dividends Declared 12,200 93,600 11,700 12.300 9,500 20,000 75.000 12.300 8,300 7,800 2. Prepare a statement of earnings for Port Austin Boat Repair. Clayoquot Boat Repair Inc. Statement of Earnings For the Year Ended December 31, 2022 Revenues: Sales revenue Expenses: 10 All work s
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Related Book For
Cornerstones of Financial and Managerial Accounting
ISBN: 978-1111879044
2nd edition
Authors: Rich, Jeff Jones, Dan Heitger, Maryanne Mowen, Don Hansen
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