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I need to verify my Income Statement and Statement of Owners Equity. I also need help with the balance sheet and closing entries. The adjusted
I need to verify my Income Statement and Statement of Owners Equity. I also need help with the balance sheet and closing entries.
The adjusted trial balance for Tybalt Construction on December 31 of the current year follows. Oro Tybalt invested $5.000 cash in the business during the year. The 0 . Tybalt, Capital account balance was $121,400 on December 31 of the prioryear. Required: 10. Prepare the income statement for the current year ended December 31 . 1b. Prepare the statement of owner's equity for the current year ended December 31 . 1c. Prepare the classified balance sheet at December 31 of the current year. 2. Prepare the necessary closing entries at December 31 of the current year. TYBALT CONSTRUCTION Income Statement For Year Ended December 31 TYBALT CONSTRUCTION Statement of Owner's Equity For Year Ended December 31Step by Step Solution
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