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need help with the answers with a red X besides it. Will be greatly appreciated :) Preparing Financial 5 taternents and Closing Entries Beneish Company
need help with the answers with a red "X" besides it. Will be greatly appreciated :)
Preparing Financial 5 taternents and Closing Entries Beneish Company has the falliowing account bulances at December 31 , the end of its fiscal year. (o) Prepare Beneish Compration's income statement and stateinent of stockholders' equity for yearend December 31 , and as balance sheet as of December 31 . There were no tock issuances ac repurchuses duning the year, (Do not use negative signs with your answers unless otherwise noted.) Note: Use a negative sign with your accurtulated deprecistion answer. (b) Prepare journal entries to close Beneish's temporary accounts. (c) Fet up Taccounts for each account and post the closing entries. Notes Orily those ledger accounts affected by closing process are shown here. - Enter beginning balances in the appropriate answer box. - Enter transactions in the Taccourns in the order they appear, using first available answer box on the appropelate side cf the T asccount. - Compute the endirv, balances Step by Step Solution
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