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Bill's Boards (BB) is an outdoor advertising company founded by William Longfall. William knows very little accounting so he hired a friend to keep the

image text in transcribedimage text in transcribedimage text in transcribedimage text in transcribedimage text in transcribedimage text in transcribedimage text in transcribedimage text in transcribed Bill's Boards (BB) is an outdoor advertising company founded by William Longfall. William knows very little accounting so he hired a friend to "keep the books." Unfortunately, William did not review his friend's work and now it seems his friend has made a mess of the accounting records. William has provided you the following list of unadjusted account balances at BB September 30 fiscal year-end. You have reviewed the balances with William and made notes shown in the right column. ost the beginning balances and adjusting entries to the following T-accounts. Required: Prepare an income statement for the year ended September 30. Required: Prepare a statement of retained earnings for the year ended September 30 Required: Prepare a classified balance sheet for the year ended September 30. (Amounts to be deducted should be indicated by a minus sign.)

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