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ASSIGMENT 3 1. POST TO RETAINED EARNINGS AND INCOME SUMMARY ACCOUNTS 2. PREPARE POST CLOSING ENTRY TRIAL BALANCE 3. PREPARE INCOME STATEMENT AT JULY 31.
ASSIGMENT 3 1. POST TO RETAINED EARNINGS AND INCOME SUMMARY ACCOUNTS 2. PREPARE POST CLOSING ENTRY TRIAL BALANCE 3. PREPARE INCOME STATEMENT AT JULY 31. 4. PREPARE STATEMNET OF RETAINED EARNIGS AT JULY 31. 5. PREPARE A CLASSIFIED STATEMENT OF FINANCIAL POSITION AT JULY 31. Instructions a. Prepare the closing entries using b. Post to Retained Earnings and Income Summary accounts. c. Prepare a post-closing trial balance at July 31
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