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It says it is not correct, please correct my answers!! Thank You! The adjusted trial balance for Tybalt Construction on December 31 of the current
It says it is not correct, please correct my answers!! Thank You!
The adjusted trial balance for Tybalt Construction on December 31 of the current year follows. Oro Tybalt invested $5,000 cash in the business in exchange for common stock during the year. The Retained Earnings accoun balance was $121,400 on December 31 of the prior year. Required: 1a. Prepare the income statement for the current year ended December 31. 1b. Prepare the statement of retained earnings for the current year ended December 31 . 1c. Prepare the classified balance sheet at December 31. 2. Prepare the necessary closing entries at December 31 of the current year. Answer is not complete. Complete this question by entering your answers in the tabs below. Prepare the income statement for the current year ended December 31 . Prepare the statement of retained earnings for the current year ended December 31 . Prenara tha noraccare rlncinn ontride at noromhor 21 nf tho rirpant waarStep by Step Solution
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