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ractice Set P-F:4-42 Completing the accounting cycle from adjusted trial balance to post-closing trial balance with an optional worksheet Refer to the Practice Set data

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ractice Set P-F:4-42 Completing the accounting cycle from adjusted trial balance to post-closing trial balance with an optional worksheet Refer to the Practice Set data provided in Chapters F:2 and F:3 for Crystal Clear Cleaning. Exhibit F:2-10 Trial Balance equirements 1. Prepare a worksheet (optional) at November 30, 2024. Use the unadjusted trial balance from Chapter F:2 and the adjusting entries from Chapter F:3. 2. Prepare an income statement and statement of owner's equity for the month ended November 30, 2024. Also prepare a classified balance sheet at November 30, 2024, using the report format. Assume the Notes Payable is long-term. Use the worksheet prepared in Requirement 1 or the adjusted trial balance from Chapter F:3. 3. Prepare closing entries at November 30,2024, and post to the accounts. Open T-accounts for Income Summary and Hideaway, Capital. Determine the ending balance in each account. Denote each closing amount as Clos, and each account balance as Balance. 4. Prepare a post-closing trial balance at November 30, 2024 . ractice Set P-F:4-42 Completing the accounting cycle from adjusted trial balance to post-closing trial balance with an optional worksheet Refer to the Practice Set data provided in Chapters F:2 and F:3 for Crystal Clear Cleaning. Exhibit F:2-10 Trial Balance equirements 1. Prepare a worksheet (optional) at November 30, 2024. Use the unadjusted trial balance from Chapter F:2 and the adjusting entries from Chapter F:3. 2. Prepare an income statement and statement of owner's equity for the month ended November 30, 2024. Also prepare a classified balance sheet at November 30, 2024, using the report format. Assume the Notes Payable is long-term. Use the worksheet prepared in Requirement 1 or the adjusted trial balance from Chapter F:3. 3. Prepare closing entries at November 30,2024, and post to the accounts. Open T-accounts for Income Summary and Hideaway, Capital. Determine the ending balance in each account. Denote each closing amount as Clos, and each account balance as Balance. 4. Prepare a post-closing trial balance at November 30, 2024

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