Question: why is this wrong QS 3-19 (Algo) Preparing financial statements LO P5 The adjusted trial balance for Happ Company follows. a. Use the adjusted trial


QS 3-19 (Algo) Preparing financial statements LO P5 The adjusted trial balance for Happ Company follows. a. Use the adjusted trial balance to prepare the December 31 year-end income statement. b. Use the adjusted trial balance to prepare the December 31 year-end statement of retained earnings. The Retained earnings account balance was $50,832 on Decembe 31 of the prior year. c. Use the adjusted trial balance to prepare the December 31 year-end balance sheet. Answer is complete but not entirely correct. Complete this question by entering your answers in the tabs below. Use the adjusted trial balance to prepare the December 31 year-end balance sheet. (Amounts indicated with a minus sign.)
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