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Description Debit Credit Prepare journal Revenue) Use Rent entries to record the above transactions. Explanations are not necessary. PREPARING FINANCIAL STATEMENTS Problem #3 Use the

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Description Debit Credit Prepare journal Revenue) Use Rent entries to record the above transactions. Explanations are not necessary. PREPARING FINANCIAL STATEMENTS Problem #3 Use the adjusted trial balance problem #ito prepare income statement, statement of owner's equity and balance sheet. Use the sheets provided. BonusQuestionuse the information in Problem #1 on page 5 to prepare Post-Closing Trial Balance

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