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Can someone help me with this its for an Accounting Project involving PS Music. (Optional) UsingthedatafromChapter3,prepareanend-of-periodspreadsheet. Prepareanincomestatement,aretainedearningsstatement,andabalancesheet.Answer CheckFigure: Netincome:$4,955 Journalize and post the closing entries.
- Can someone help me with this its for an Accounting Project involving PS Music.
- (Optional)UsingthedatafromChapter3,prepareanend-of-periodspreadsheet.
- Prepareanincomestatement,aretainedearningsstatement,andabalancesheet.Answer
- CheckFigure:
- Netincome:$4,955
- Journalize and post the closing entries. The retained earnings account is #33 and the income summary account is #34 in the ledger ofPSMusic. Indicate closed accounts by inserting a line in both Balance columns opposite the closing entry.
- Prepare a post-closing trial balance.
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