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Carrie Communications reported the figures from its adjusted trial balance and from its multi-step income statement for its first year of business, which ended on
Carrie Communications reported the figures from its adjusted trial balance and from its multi-step income statement for its first year of business, which ended on July 31, 2024 (Click the icon to view the accounts and balances) (Click the icon to view the multi-step income statement) Read the requirements. Requirement 1. Prepare Carrie Communications' statement of retained earnings for the year ended July 31, 2024. Assume that there were no dividends declared during the year and that the business began on August 1, 2023. (Enter a "0" for any zero balances. Include only applicable transactions during the period.) Carrie Communications Statement of Retained Earnings Year Ended July 31, 2024 Retained Earnings, August 1, 2023 Retained Earnings, July 31, 2024 Requirement 2. Prepare Carrie Communications' classified balance sheet at July 31, 2024. Use the report format. Begin by completing the assets section, then complete the liabilities and stockholders' equity sections. (If a box is not used in the balance sheet, leave the box empty; do not select a label or enter a zero.) Carrie Communications. Balance Sheet July 31, 2024 Assets
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