Help with this two problems!! Solutions with explanations would be perfect! Thanks ...
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Accounting
Help with this two problems!! Solutions with explanations would be perfect! Thanks
Instructions (a) Prepare a closing entries at June 30, 2014. (b) Prepare a post-closing trial balance. E4-8 Plevin company ended its fiscal year on July 31, 2014. the company's adjusted trial balance as of the end of its fiscal year is shown below. Instructions (a) Prepare a closing entries using page J15. (b) post to owner's capital and No. 350 Income summary accounts .(Use the three columns form.) (c) Prepare a post closing trial balance at July 31. E4-9 the adjusted trial balance for Plevin company is presented in e4-8. Instructions (a) prepare an income statement and an owner's equity statement for the year. Plevin did not make any capital investment during the year. (b) Prepare a classified balance sheet at July 31

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