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General Journal tab - Prepare the journal entries to record transactions ( 1 ) through ( 2 0 ) . Then prepare the necessary adjusting
General Journal tab Prepare the journal entries to record transactions through Then prepare the necessary adjusting entries through to correctly report net income for the period. Then record the closing entries through as of December Year
General Ledger tab Each journal entry is posted automatically to the general ledger.
Trial Balance tab The ending balance values from the General Ledger tab flows through to the Trial Balance tab.
Income Statement tab Use the dropdown to select the accounts properly included on the income statement.
Statement of Changes in Stockholders' Equity tab Prepare the statement of changes in stockholders equity for the year ended December Year
Balance Sheet tab Prepare a classified Balance Sheet at December Year
Statement of Cash flows Prepare the statement of cash flow for year ended December Year
Analysis tab Use a horizontal statements model to show how each transaction affects the balance sheet, income statement, and statement of cash flows.
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