The account balances taken from the trial balance and adjusted trial balance columns of the worksheet of

Question:

The account balances taken from the trial balance and adjusted trial balance columns of the worksheet of Tran’s Transcription Service for the year ended 30 June 2017, the first year of operations, are shown below.

Required

A. Reconstruct the 10 column worksheet for the year.

B. Prepare the income statement for Tran’s Transcription Service for the year ended 30 June 2017.

C. Prepare the closing entries required on 30 June 2017.

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Accounting

ISBN: 978-1118608227

9th edition

Authors: Lew Edwards, John Medlin, Keryn Chalmers, Andreas Hellmann, Claire Beattie, Jodie Maxfield, John Hoggett

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Question Posted: Jun 18, 2019 11:01 AM

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The account balances taken from the trial balance and adjusted trial balance columns of the worksheet of

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A Account Unadjusted trial balance Adjusted trial balance Cash at bank Accounts receivable Office supplies Stationery supplies Prepaid insurance Prepaid rent Equipment Accounts payable T Skrybe Capita...View the full answer

Accounting

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