The completed financial statement columns of the work sheet for Melinda Company are shown below. section*{Instructions} (a)

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The completed financial statement columns of the work sheet for Melinda Company are shown below.

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\section*{Instructions}

(a) Prepare an income statement, retained earnings statement, and a classified balance sheet.

(b) Prepare the closing entries.

(c) Post the closing entries and rule and balance the accounts. Use T-accounts. Income Summary is No. 350 .

(d) Prepare a post-closing trial balance.

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Financial Accounting

ISBN: 9780471169208

2nd Edition

Authors: Paul D. Kimmel, Jerry J. Weygandt, Donald E. Kieso

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