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Prepare an income statement and a statement of owner's equity for the month ended September 30, 2010 from the Taccounts below of Carson Company. Module
Prepare an income statement and a statement of owner's equity for the month ended September 30, 2010 from the Taccounts below of Carson Company. Module 2 Chapter 4 Homework Solve the following Problems: 1. The following data were taken from the Balance Sheet columns of the work sheet for April 30, 2009 for Mackenzie Company: Prepare a classified balance sheet. 2. The following revenue and expense account balances were taken from the Income Statement columns of the work sheet for Fraser Services Co. for December 31, 2009: Prepare an income statement. 5. Use the following worksheet to answer the following questions. 1. The journal entry to close revenues would be: 2. Based on the preceding trial balance, the entry to close expenses would be: 3. Based on the preceding trial balance, the entry to close income summary would be: 4. Based on the preceding trial balance, the entry to close C. Finley, Drawing would be: 5. Based on the preceding trial balance, the ending balance in C. Finley, Capital is
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