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Please assist with question below: Preparing Financial Statements and Closing Procedures Solomon Corporation's adjusted trial balance for the year ending December 31, 2015, is: Solomon
Please assist with question below:
Preparing Financial Statements and Closing Procedures Solomon Corporation's adjusted trial balance for the year ending December 31, 2015, is: Solomon Corporation Adjusted Trial Balance December 31, 2015 Debit Credit Cash Accounts Receivable Equipment Accumulated Depreciation Notes Payable Common Stock Retained Earnings Service Fees Earned Rent Expense Salaries Expense Depreciation Expense Totals $4,000 6,500 78,000 $14,000 10,000 43,000 12,600 71,000 18,000 37,100 7,000 $150,600 $150,600 (a) Prepare its income statement and statement of stockholders' equity for the current year, and its balance sheet for the current year-end. Cash dividends were $8,000 and there were no stock issuances or repurchasesStep by Step Solution
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