The adjusted trial balance columns of the worksheet for Whitmore Company are as follows. Instructions (a) Prepare
Question:
The adjusted trial balance columns of the worksheet for Whitmore Company are as follows.
Instructions
(a) Prepare an income statement, owner's equity statement, and a classified balance sheet. $10,000 of the notes payable become due in 2018. B. Whitmore did not make any additional investments in the business during 2017.
(b) Prepare the closing entries.
(c) Post the closing entries. Use the three-column form of account. Income summary is No. 350.
(d) Prepare a post-closing trial balance.
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Related Book For
Accounting Tools for Business Decision Making
ISBN: 978-1118096895
6th edition
Authors: Paul D. Kimmel, Jerry J. Weygandt, Donald E. Kieso
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