Question
Can you please help me find the general ledger from the income statement? 3. Reconstruct the journal entry for depreciation expense, incorporating the change in
4. Reconstruct the journal entry for cash paid for operating expenses, incorporating the change in the related balance sheet accounts), it any.
5. Reconstruct the journal entry for the sale of equipment at a loss, incorporating the change in the related balance sheet accounts). it any.
6. Reconstruct the journal entry for income taxes expense, incorporating the change in the related balance sheet accounts, if any
7. Reconstruct the entry for the purchase of new equipment.
8. Reconstruct the entry for the issuance of the short-term
note payable.
9.Reconstruct the entry for the payment on the long-term
note payable.
10. Reconstruct the entry for the issuance of common stock.
11. Reconstruct the entry to record the payment of cash dividends.
12. Close the revenue accounts) to income summary.
13. Close the expense and loss accounts to income summary.
14. Close Income Summary to Retained Earnings.
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