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Required: Prepare an income statement for the year ended August 3 1 , 2 0 Y 5 . Prepare a statement of owner's equity for
Required:
Prepare an income statement for the year ended August Y
Prepare a statement of owner's equity for the year ended August Y During the year, Effie Jackson invested an
additional $ in the business.
Prepare a balance sheet as of August
Based upon the endofperiod spreadsheet, journalize the closing entries.
Prenare a nostclnsina trial halance. Income Statement
Prepare an income statement for the year ended August Y
Income Statement Instructions
LightItUp Company
Income Statement
Label
tableLabelLabel
Assignment Score:
All Statement of Owner's Equity
Prepare a statement of owner's equity for the year ended August Y During the year, Effie Jackson invested an additione $ in the business.
Statement of Owner's Equity Instructions
LightItUp Company
Statement of Owner's Equity
Label
table
Assignment Score:
AllPostClosing Trial Balance
Prepare a postclosing trial balance.
LightItUp Company
POSTCLOSING TRIAL BALANCE
August Y
tableACCOUNT TITLE,DEBIT,CREDITCash,,Accounts Receivable,,Prepaid Insurance,,Supplies,,Land,,Building,,Accumulated DepreciationBuilding,,Equipment,,Accumulated DepreciationEquipment,,Accounts Payable,,Salaries and Wages Payable,,Unearned Rent,,Effie Jackson, Capital,,Totals,,Instructions
LightItUp Company maintains and repairs warning lights, such as those found on radio towers and lighthouses. LightItUp Comp
prepared the following endofperiod spreadsheet at August Y the end of the fiscal year:
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