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You have been hired by Gnomeo, Inc., a company that buys and resells miniature garden gnomes. The company started business on January 1, 2019. The
You have been hired by Gnomeo, Inc., a company that buys and resells miniature garden gnomes. The company started business on January 1, 2019. The chief accountant has asked you to compile a set of financial statements that can be presented to current and potential investors. She hands you a list of transactions that need to be recorded in the accounting records before the financial statements for the year ended December 31, 2022, can be prepared. Your job is to record the transactions with journal entries, prepare the necessary adjusting entries, post all entries and prepare the financial statements for the year 2022
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