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I keep getting getting my numbers uneven. Im also confused about the first question. I just need help overall and some sort of explanation. Classified
I keep getting getting my numbers uneven. Im also confused about the first question. I just need help overall and some sort of explanation.
Classified Balance Sheet Presented below is information taken from the adjusted trial balance of Kennedy Corporation at 12/31/ year 2 Revenues minus expenses show that the company had a loss for the year of $2,500 No dividends were declared during the year. Since the income statements accounts have not been closed, the above $25,000 balance, is the beginning balance at 1/1/ year 2 . Requirements (The best way to do this is to put the followizg requirements on an excel spreadsheet) a. (1 point) Calculate the ending balance in retained earnings. b. ( 9 points) Prepare a classified balance sheet in good form (i.e., it should have a heading and each item should be clearly identified) Step by Step Solution
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