The completed financial statement columns of the worksheet for Muddy Company are shown below. Instructions(a) Prepare an

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

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

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Accounting Principles

ISBN: 978-0470533475

9th Edition

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

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