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Can somebody help me to correct and complete this pages? thank you! Ticket Sensation, Inc. markets and sells tickets to events in Atlanta. Here are
Can somebody help me to correct and complete this pages? thank you!
Ticket Sensation, Inc. markets and sells tickets to events in Atlanta. Here are their account balances in their adjusted trial balance (albeit in poor order). 1. Under the column "Account Type" identify each account as: (10 pts) A-asset L= liability CA= contra Q-equity R= revenue E= expense 2. Under the column"Fin/Stmt", identify on which financial statement each account will appear: (10 pts) BS = balance sheet IS = income statement. SHE = statement of statement of shareholders' equity 3. Under the "DR and CR" columns, put an " X " in the column that indicates the normal balance of each account. (Remember what normal balance means?) (10 pts) 4. The debits will not equal the credits because of the missing amount for "Cash". Find the missing amount, and identify whether this account would be a normal credit or debit. 5. Prepare the 3 financial statements in good form, including the three line heading. (1) the Income Statement (10 pts) (2) the Statement of Retained Eamings, and (10 pts) (3) the Balance Sheet (20 pts) Exthe31decentteoEndingIncoreStatowentTicieetSersetios Revenues Step by Step Solution
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