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a. b. c. d. e. Natalie had a very busy December. At the end of the month, after journalizing and posting the December transactions and
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Natalie had a very busy December. At the end of the month, after journalizing and posting the December transactions and adjusting entries, Natalie prepared the following adjusted trial balance. Using the information in the adjusted trial balance, do the following. Prepare an income statement for the 2 months ended December 31, 2021. (Enter negative amounts using either a negative sign preceding the number e.q. - 45 or parentheses e.q. (45).) Prepare an owner's equity statement for the 2 months ended December 31, 2021. (List items that increase owner's equity first.) Prepare a classified balance sheet at December 31,2021 . The note payable has a stated interest rate of 6%, and the principal and interest are due on November 16, 2023. (List Current Assets in order of liquidity.) Liabilities and Owner's Equity $ $ Natalie has decided that her year-end will be December 31, 2021. Prepare closing entries as of December 31,2021 . (Credit account titles are automatically indented when amount is entered. Do not indent manually. If no entry is required, select "No Entry" for the crenunt titloe and onter n far the amnunte 1 (To close expense accounts) Dec. 31 (To close net income / (loss)) Dec. 31 (To close drawings) Prepare a post-closing trial balance. TotalsStep by Step Solution
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