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The following accounts are from the accounting records of JadaTech Industries. Unless otherwise indicated, assume that all balance sheet items reflect account balances for the
The following accounts are from the accounting records of JadaTech Industries. Unless otherwise indicated, assume that all balance sheet items reflect account balances for the fiscal year that began on Ian 1, 2022 and ended on December 31, 2022. All income statement accounts reflect activities that occured during that fiscal year. This assignment is to be done using Microsoft Excel or similar software. 1. Prepare the Balance Sheet. 2. Prepare the Income Statement. 3. Calculate the retained earnings if a dividend of $67,200 was paid during the year
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