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Question 6: The following is the year end trial balance of Kim's Custom Cabinets Inc. All adjusting entries have already been made in the data.
Question 6: The following is the year end trial balance of Kim's Custom Cabinets Inc. All adjusting entries have already been made in the data. Using the trial balance, prepare a multi-step income statement, a statement of retained eamings and a classified balance sheet as of November 30, 2022. Be sure to provide proper headings and any other additional details that are required. voting. Note 2: Common share details, unlimited shares authorized, 100,000 shares issued. Note 3: The bookkeeper has identified that principal payments on the long-term term debt will be $1,600 per month, but they did not record this reclassification. Be sure to show this in the appropriate location in the financial statements. Note 4: Non-strategic investments are intended to be held for less than one year, while the strategic are intended to be held for greater than one year
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