Question: QS 3 - 1 9 ( Algo ) Preparing financial statements LO P 5 The adjusted trial balance for Happ Company follows. a . Use
QS Algo Preparing financial statements LO P
The adjusted trial balance for Happ Company follows.
a Use the adjusted trial balance to prepare the December yearend income statement.
b Use the adjusted trial balance to prepare the December yearend statement of owner's equity. The E Happ, Capital account
balance was $ on December of the prior year, and there were no owner investments in the current year.
c Use the adjusted trial balance to prepare the December yearend balance sheet.
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Use the adjusted trial balance to prepare the December yearend balance sheet.
Note: Amounts to be deducted should be indicated with a minus sign.
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