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Please Help: My Assets and Liabilities+Stockholder's Equity dont equal each other on the balance sheet but I'm not sure what I did wrong. Problem 3-5A
Please Help: My Assets and Liabilities+Stockholder's Equity dont equal each other on the balance sheet but I'm not sure what I did wrong.
Problem 3-5A (Algo) Prepare financial statements from an adjusted trial balance when net income is positive (LO3-5) Hometown Builders Unlimited specializes in building new homes and remodeling existing homes. Remodeling projects include adding game rooms, changing kitchen cabinets and countertops, and updating bathrooms. Below is the year-end adjusted trial balance of Hometown Builders Unlimited. Required: 1. Prepare on income statement for the year enced December 31, 2024. 2. Prepare the statement of stockholders' equity for the year ended December 31, 2024, note that during the year the company issued additional common stock for $16,000. This amount is included in the amount for Common Stock in the adjusted trial balance. 3. Prepare the classified balance sheet for the year ended December 31,2024. Complete this question by entering your answers in the tabs below. Prepare the statement of stockholders' equity for the year ended December 31,2024 , note that during the yea issued additional common stock for $16,000. This amount is included in the amount for Common Stock in the balance. Complete this question by entering your answers in the tabs below. Prepare an income statement for the year ended December 31, 2024. Prepare the classified balance sheet for the year ended December 31, 2024 Step by Step Solution
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