The completed financial statement columns of the worksheet for Yulon Company, Ltd. are as follows. Instructions (a)
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Instructions
(a) Prepare an income statement, a retained earnings statement, and a classified statement of financial position (amounts in Taiwan, new dollars).
(b) Prepare the closing entries.
(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 trial balance.
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Related Book For
Financial Accounting
ISBN: 978-1118978085
IFRS 3rd edition
Authors: Jerry J. Weygandt, Paul D. Kimmel, Donald E. Kieso
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