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Please use the Adjusted Trial Balance for Rockford Corporation included as a separate Excel file to complete this assignment. Note that the Excel file contains
Please use the Adjusted Trial Balance for Rockford Corporation included as a separate Excel file to complete this assignment. Note that the Excel file contains tabs for the individual worksheets designated for each of the required statements or assignments. Please name the workbook you submit as specified below. | |
In addition to the content, you will be assessed on your mastery of the following skills: (1) correct data entry, (2) correct and accessible formulas, (3) formatting of column headings and labels, (4) merger and centering of titles, and (5) overall spreadsheet formatting and printing. | |
You are asked to prepare the following statements: | |
Income Statement for the year ending December 31, 2019 | |
Statement of Retained Earnings for the year ending December 31, 2019 | |
Statement of Stockholders Equity for the year ending December 31, 2019 | |
Balance Sheet at December 31, 2019 | |
In addition to the above statements, you are to prepare the journal entries necessary to close the books for Rockford Corporation on December 31, 2019 | |
Note: The following relates to Common Stock | |
Authorized 1,000,000 shares | |
Issued 100,000 shares | |
Outstanding 65,000 shares |
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