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Make a unadjusted trial balance. Prepare a preliminary income statement as of November 30. Prepare a statement of retained earnings for November 30. If there
Make a unadjusted trial balance. Prepare a preliminary income statement as of November 30. Prepare a statement of retained earnings for November 30. If there are no dividends, include a line that reports Dividends of zero. Prepare a classified balance sheet as of November 30.
E3-20 (Static) Analyzing, Recording, and Evaluating the Effects of Income Statement Transactions [LO 3-3, LO 3-4, LO 3-5] [The following information applies to the questions displayed below.] MyBnB started a home rental company on January 1. As of November 30, MyBnB reported the following balances. The company does not yet have a balance in Retained Earnings because this is its first year of operations so no net income has been reported in prior years. 3-20 (Static) Part 1 quired: Prepare an unadjusted trial balance, a preliminary income statement, statement of retained earnings, and classified balance sheet as of and for the 11-month period ended November 30. Complete this question by entering your answers in the tabs belowStep by Step Solution
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