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  1. business
  2. accounting
  3. prepare income statement, statement of stockholder

Prepare Income Statement, Statement of Stockholders Equity, and Classified Balance Sheet under the Financial Statements...

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Accounting

Prepare Income Statement, Statement of Stockholders Equity, and Classified Balance Sheet under the Financial Statements tab for the month ended December 31, 20XX

Provide the following account balance from the balance sheet

current assets blank

long term assets blank

total liabilities blank

total stockholders euity blank

cahs blank

Record the closing entires under the general jurnal

post all of the closing entires to the t-account and compute the balnace after all of the closing entries have been post

Provide the ending balance of cash at december 31 from T-account

provide the balance of the retained earning t-account closing entires have been posted

Check point Total Assets= $ 8,820

Adjusted Trial Balance

Cash $3,750

Accounts Receivables $1,000

Supplies $90

Prepaid Insurance $440

Equipment $3,600

Accumulated Depreciation $60

Accounts Payable $130

Wages Payable $450

Common Stock $6,000

Retained Earnings 0

Dividends $200

Service Revenue $7,900

Rent Expense $500

Wages Expense $4,650

Insurance Expense $40

Supplies Expense $210

Depreciation Expense $60

Totals $14,540

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