The adjusted trial balance columns of the worksheet for Eagle Company, owned by Jeff Spiegel, are as

Question:

The adjusted trial balance columns of the worksheet for Eagle Company, owned by Jeff Spiegel, are as follows.


The adjusted trial balance columns of the worksheet for Eagle


Instructions
(a) Complete the worksheet by extending the balances to the financial statement columns.
(b) Prepare an income statement, a retained earnings statement, and a classified balance sheet.
(c) Prepare the closing entries. Use J14 for the journal page.
(d) Post the closing entries. Use the three-column form of account. Income Summary is No. 350.
(e) Prepare a post-closing trialbalance.

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Related Book For  book-img-for-question

Financial and managerial accounting

ISBN: 978-1118016114

1st edition

Authors: Jerry J. Weygandt, Paul D. Kimmel, Donald E. Kieso

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