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Magic Cleaning Services (MCS) has a fiscal year-end of December 31. As of December 31, 2015, MCS prepared the following adjusted trial balance: Click the
Magic Cleaning Services (MCS) has a fiscal year-end of December 31. As of December 31, 2015, MCS prepared the following adjusted trial balance: Click the icon to view the adjusted trial balance.) Requirement Using the adjusted trial balance for Magic Cleaning Services, prepare a single-step income statement, a statement of shareholders' equity, and a balance sheet. Begin by preparing Magic's single-step income statement for the year ended December 31, 2015. (lf a box is not used in the statement, leave the box empty. do not select a label or enter a zero.)
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