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Comprehensive Problem 1 Part 8: The following is a comprehensive problem which encompasses all of the elements learned in previous chapters. You can refer to
Comprehensive Problem 1 Part 8: The following is a comprehensive problem which encompasses all of the elements learned in previous chapters. You can refer to the objectives for each chapter covered as a review of the concepts. NOTE: You must complete parts 1, 2, 3, 4, 6 and 7 before completing part 8. Part 5 is optional. Prepare an income statement. Expenses: Kelly Consulting Income Statement For the Month Ended May 31, 20Y8 +A EA Prepare a statement of stockholders' equity. If an amount box does not require an entry, leave it blank. If a net loss is incurred or dividends were paid, enter that amount as a negative number using a minus sign. Kelly Consulting Statement of Stockholders' Equity For the Month Ended May 31, 2018 Common Stock Retained Earnings Total Prepare a balance sheet. Assets Current assets: Kelly Consulting Balance Sheet May 31, 2018 Liabilities Current liabilities: Total current assets Property, plant, and equipment: Total liabilities Stockholders' Equity Total property, plant, and equipment Total assets Total stockholders' equity Total liabilities and stockholders' equity
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