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The December 31, 2024, adjusted trial balance for the Blueboy Cheese Corporation is presented below. Required: 1-a. Prepare an income statement for the year ended
The December 31, 2024, adjusted trial balance for the Blueboy Cheese Corporation is presented below. Required: 1-a. Prepare an income statement for the year ended December 31, 2024. 1-b. Prepare a classified balance sheet as of December 31, 2024. 2. Prepare the necessary closing entries on December 31, 2024. Prepare an income statement for the year ended December 31, 2024. At December 31, 2024 Assets Current assets: Total current assets Property and equipment: Shareholders' equity: Journal entry worksheet Record the entry to close the revenue accounts. Note: Enter debits before credits. Record the entry to close the expense accounts. Note: Enter debits before credits
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