The completed financial statement columns of the worksheet for Fleming

The completed financial statement columns of the worksheet for Fleming Company are shown below.


The completed financial statement columns of the worksheet for Fleming


Instructions
(a) Prepare an income statement, an owner’s equity statement, and a classified balance sheet.
(b) Prepare the closing entries. J. Fleming did not make any additional investments during the year.
(c) Post the closing entries and underline and balance the accounts. (Use T-accounts.) Income Summary is account No. 350.
(d) Prepare a post-closing trialbalance.

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